Germany’s gross domestic product (GDP) is expected to decline by 0.2% in 2024, according to a revised government forecast on Wednesday, meaning Europe’s biggest economy is on course for recession. The revised figures presented by Economy Minister Robert Habeck were down from previous estimates of 0.3% growth. The revised forecast does not come as a surprise as the country’s leading economic research institutes recently also adjusting their forecasts downwards, with GDP for the year expected to decline by 0.1%. Companies remain cautious due to the volatile economic and geopolitical situation, a…