Quarterly Report Germany IV/2023: German economy not getting into gear

For 2023 overall, the BDI expects real economic output to be down by 0.4 percent. Following the pandemic-induced slump in GDP in 2020, economic activity is floundering yet again. The German economy is taking a long time to recover from the energy crisis. The industrial production also faltering increasingly. High order backlogs are gradually thinning out while new orders are low.