Inflation, economic uncertainty, wars: After the difficult years of the pandemic, 2023 did not bring any noticeable upswing for many people. What will 2024 be like?
Economy and purchasing power
The good news first: Numerous economic research institutes expect inflation to weaken significantly in 2024. The Council of Economic Experts forecasts an increase in consumer prices of just 2.6 percent and moderate growth of 0.7 percent for the new year.KfW chief economist Fritzi Köhler-Geib expects that the new year will therefore be better financially than previous years. “However, it will still take some time until the real income losses of previous […]
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