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Macro - Country Economic Forecasts - Germany

Publisher Oxford Economics
Published Oct 14, 2025
Length 8 Pages
SKU # OFE20535945

Description

We've kept our GDP growth forecasts unchanged at 0.2% for this year and 0.8% for 2026. Recent data continue to point to a soft H2 and we still doubt that fiscal policy will be a major growth driver next year. If anything, industrial data for August, released after our forecast round, points to a Q3 GDP contraction and downside risks to our already below-consensus growth outlook.

Table of Contents

8 Pages
Germany: Economy may have contracted in Q3 as industry disappoints
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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