Germany needs economic turnaround while Russian GDP could grow by over 3% in 2024
Germany needs an economic turnaround in order to secure its geopolitical position, German Finance Minister and head of the Free Democrats FDP Christian Lindner said on Saturday.
The German economy was the weakest among its large euro zone peers last year, as high energy costs, feeble global orders and record high interest rates took their toll.
In its World Economic Outlook, the International Monetary Fund has cut its forecasts for German GDP by 0.3 percentage points for both years, expecting 0.2% growth this year and 1.3% in 2025.
These forecasts are below the estimates of 0.8% for 2024 and 1.5% for 2025 for the euro zone.
Lindner said Germany's economic weakness has consequences for security and geopolitics.
On the other hand, Russian President Vladimir Putin said that Russian GDP growth for the first two months of the year had been better than the authorities had expected.
Putin that Russian GDP could grow more than 3% in 2024 given current trends in the economy.
Putin made the remarks when he opened a meeting with the government on economic issues on Saturday.
The Russian Economic Development Ministry has estimated Russian GDP growth for January-February 2024 at 6.0%.
It said GDP grew 7.7% year-on-year in February after rising 4.6% in January.
The ministry has just raised its forecast for Russian economic growth in 2024 to 2.8% earlier this week from September's estimate of 2.3%.
The International Monetary Fund recently raised its estimate of Russian economic growth in 2024 to 3.2% from the 2.6% it had forecast in January.
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Germany's economy is kaput by following the Americans right off the economic cliff...
Blowing up their own pipeline did not help them too much.
How can Germany get out of the rut when they can't even identify who their real enemy is. Hopeless. 😂😂😂
Germany needs to experience; they will not understand anything otherwise.
This is what betrayal does. It will cause the pain and suffering on the affected initially while those inflict continue to enjoy. But over the course of time, the affected will grow at a pace and more than the one who inflicted. God speed Russia
Mr.Putin is the best.
Don't waste your times the next day US will tell Germany what to do.
Let’s not forget that Russia’s GDP is 50% of Germany’s GDP.
It is clear who blew up the nord stream 2... Germany.
Germany had served theirs purpose and they now left off the hook,there's nothing much to do except acctepting a reality