Germany’s economic growth is expected to slow in 2023

Robert Habeck, Minister of Economy and Climate Protection of Germany, will speak on January 26, 2022 in Berlin, Germany, when publishing the German Government’s annual economic report. (John McDougall / Pool Beer Reuters)

Berlin — Germany’s economic growth will slow to 2.3 percent in 2023, Minister of Economy Robert Habeck said Friday.

The government has lowered its 2022 economic growth forecast this month from 4.1% in October to 3.6%.

Harbeck told the House of Commons that he expects the economy to reach pre-pandemic levels in the second quarter of 2022.