[a number of economic research institutes expect the German economy to contract in 2023] according to German media reports on the 15th local time, two well-known economic research institutes both expect the German economy to contract this year. Among them, the German Institute for Economic Research believes that Germany's gross domestic product will fall by 0.2% this year compared with the same period last year, while the Kiel Institute for World Economics will lower its economic growth forecast for 2023 to-0.3%.