German retailers are bracing for difficult business this year as inflation in Europe's largest economy looks set to remain high, according to the HDE retail association's forecast on Tuesday.

While sales revenue is set to grow 2% in nominal terms in 2023, when adjusted for inflation, it is set to fall by 3% - a significantly sharper drop than in 2022, according to the HDE. (Reporting by Rene Wagner, Writing by Miranda Murray, Editing by Rachel More)