The German Chamber of Commerce and Industry (DIHK) said on Thursday that Germany has been waiting for it for a long timegamecabinetEconomic recovery has not yet occurred, and the euro zone's largest economy will only stagnate this year.

However, this forecast is more optimistic than at the beginning of the year, when the German Chamber of Commerce and Industry predicted that the German economy would shrink by 0.0% this yeargamecabinet.5%。

The association predicts that as inflation starts from 2023gamecabinetthe 5gamecabinet.9% fell to 2.3%, and private consumption will support economic growth by 1 percentage point this year.

The German Chamber of Commerce and Industry conducted a survey of 24,000 companies from various industries and regions. Surveys show that there have been hopes in recent months that good foreign business or a recovery in domestic demand may boost the development of domestic companies, but this hope has not been realized.

Martin Wansleben, managing director of the German Chamber of Commerce and Industry, said at the launch of the survey report: "The current situation of companies is very poor, and even worse in the industrial field. Expectations do not show a strong upward trend."

Among the companies surveyed, 28% said things were good this spring, and 23% said things were not good.