Outlook

There are still uncertainties about the effects of the current geopolitical crises, the war in Ukraine and the war in Gaza. Our forecasts are based, among other things, on the assumption that inflation will continue to weaken in 2024 and that there will also be no significant intensification of the geopolitical situation. Furthermore, it cannot be estimated whether, to what extent and with what impact, further industrial action could take place in the 2024 financial year.