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Macro - Country Economic Forecasts - Germany

Publisher Oxford Economics
Published Sep 17, 2025
Length 8 Pages
SKU # OFE20418398

Description

The downward revision to Germany's Q2 GDP to a deeper contraction suggests the economy has even less momentum than we thought. More recent data also don't point to a significant pick-up in H2 as the economy awaits the looming fiscal stimulus. We now expect 0.2% GDP growth this year, down by 0.1ppt from last month, and unchanged growth of 0.8% in 2026.

Table of Contents

8 Pages
Germany: Economy has even less momentum than expected
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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