Stagnation in Germany: Economic Growth Forecast Nullified.


Germany has been in a state of economic stagnation for the third consecutive year
The Acting Minister of Economics of Germany, Robert Habeck, reported on a prolonged economic stagnation in Germany, which has now lasted for three years. According to him, the economic forecast for this year has been adjusted to a lower rate - from 0.3% to 0.0%, indicating stagnation.
The largest economy in the Eurozone, Germany's GDP, has not increased for three consecutive years. The forecast for the next year is also not optimistic - a growth of 1% is expected, which is less than the previous forecast for 2026 of 1.1%.
Habeck cites the main reason for this situation as the policies of US President Donald Trump, particularly his tariff measures. He notes that Germany is facing significant challenges such as the crisis, the coronavirus pandemic, and the war between Russia and Ukraine. However, the 'unpredictable trade policy of the USA' also brings additional uncertainty and will have an impact on Germany's economic growth. Habeck hopes that negotiations between the European Union and the United States will be successful.
Read also
- Summer swings: how fuel prices for gasoline, diesel, and gas have changed at gas stations at the beginning of the week
- Ukrainian metallurgy reduced production in May
- Extra squares: Ukrainians explained the procedure for paying property tax
- Residential construction in Ukraine increased by 12% over the year
- The sale of state land leases brought 14.8 million UAH in a week
- PrivatBank addressed its clients: important information has appeared for all bank card owners