Research institutions slash Germany's 2024 GDP forecast down to 0.1 pct

BERLIN, March 27 (Xinhua) -- Germany's leading economic research institutions on Wednesday slashed their 2024 economic growth forecast for the country down to 0.1 percent - a sharp decrease from the 1.3 percent growth projected in the fall of 2023.

"The economy in Germany is struggling," highlights the joint forecast by five institutions, including the German Institute for Economic Research, the ifo Institute for Economic Research, and the Kiel Institute for the World Economy (IfW Kiel).