German budget blow triggers 2024 growth and jobs warnings | Reuters

BERLIN, Nov 17 (Reuters) - A German court ruling that wiped billions from the federal budget could drag down growth by as much as half a percentage point next year in Europe's biggest economy, an economy ministry source told Reuters on Friday.

"According to initial rough estimates, a loss of investment funds could cause growth in 2024 to be about half a percentage point lower," the source, who is familiar with the economy ministry's forecasts, said.

Publisher: Reuters

Date: 2023-11-17T14:17:42Z

Author: Maria Martinez Andreas Rinke

Twitter: @Reuters

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