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German Housing Construction Crisis Deepens Amidst Weaker Industrial Orders
The Ifo Institute reported a 54% increase in housing construction order shortages in November, exacerbating a chronic crisis. German industrial orders also fell by 1.5% in October, despite a revised 7.2% increase in September due to large orders; experts predict a 0.1–0.2% GDP contraction in 2024.
German Housing Construction Crisis Deepens Amidst Weaker Industrial Orders
The Ifo Institute reported a 54% increase in housing construction order shortages in November, exacerbating a chronic crisis. German industrial orders also fell by 1.5% in October, despite a revised 7.2% increase in September due to large orders; experts predict a 0.1–0.2% GDP contraction in 2024.
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