# German economy expected to grow in 2024, official says
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-02-13
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: German Economy Thriving: Growth Expected in 2024
Meta Description: Chancellor Olaf Scholz's chief of staff assures that Germany is not in recession and expects economic growth in 2024. Stay updated on the stable labor market and rising wages.
URL: https://startupobserver.com/german-economy-expected-to-grow-in-2024-official-says/

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BERLIN (Reuters) – Germany is not in recession and its economy is expected to grow in 2024, Chancellor Olaf Scholz’s chief of staff, Wolfgang Schmidt, said on Tuesday.

“We don’t have a recession. We are not seeing anything that normally accompanies a recession, such as unemployment. The labour market is very stable, real wages are rising again. We will see growth this year,” Schmidt told an industry event.

(Reporting by Andreas Rinke, Writing by Rachel More; editing by Bartosz Dabrowski)


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