Germany is predicted to have zero growth this year, making it the worst performing major developed economy for the second year in a row. The International Monetary Fund (IMF) raised its growth forecast for the UK to 1.1% this year and expects it to accelerate to 1.5% in 2025. The IMF warns of persistent weakness in manufacturing in Germany and Italy, with Germany also experiencing strain from fiscal consolidation and a decline in real estate prices. The country's industrial sector has been hit by rising energy costs, political instability, and competition from cheap imports of electric vehicles from China.