German Economy Outlook 2024. On a brighter note, inflation is expected to average 2.2% in 2024, 0.2 percentage points lower than in the spring forecasts, and will slow further to 2.1% in 2025, the experts'. The german economy has begun to recover following major shocks.
In germany, the unemployment rate was 3.3% in may 2024, which is among the lowest among all oecd countries. In a meeting of the federal cabinet, the federal government has approved the 2024 annual economic report.