Germany's Economic Growth Forecast: Cautious Outlook

Germanys top economic advisors issue a cautious forecast, predicting modest growth for 2023 and slightly lowering their outlook for 2026. Despite Chancellor Friedrich Merzs efforts, the council expects growth of just 0.9% in 2026. They suggest government spending initiatives will have limited impact. The councils chair, Monika Schnitzer, emphasizes the need for new growth strategies and urges wise use of a special €500 billion investment fund for infrastructure and climate neutrality. However, some funds are reportedly used for day-to-day expenses, drawing criticism. The experts slightly raised their growth forecast for 2025 but note that the German economy remains stagnant due to weak private investment and exports.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.