The rosiest 2024 performance could top out at a tepid 0.8% in Japan, while both Germany and the eurozone as a whole should expand at a rate of just half of one percent.ĭeutsche believes that businesses and consumers have not yet adjusted to the current higher interest-rate regime, following a decade or more with rates either negative or effectively zero, as well as near-continuous quantitative easing across the U.S. Other G7 countries have little reason to cheer either, though.