Germany’s economic output is forecast to grow just 0.1% in the current year, according to a report from the the Nuremberg Institute for Employment Research (IAB). “The labour market is also being affected by the ongoing economic downturn. Measured against the weak economy, however, it is holding up comparatively well,” said IAB economist Enzo Weber. The IAB is the research arm of Germany’s Employment Agency. The forecast said Germany’s economic outlook is cloudy, especially at the beginning of the year, but a limited recovery is expected in the course of 2024. According to the IAB forecast, th…