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Macro - Country Economic Forecasts - Germany

Publisher Oxford Economics
Published Mar 11, 2026
Length 9 Pages
SKU # OFE21077201

Description

Recent data signal a soft start to the year for the German economy. Industrial production declined in January, with widespread weakness across manufacturing sectors. Adverse weather conditions weighed on activity, including construction, delaying the expected industrial rebound. We now forecast the economy to contract by 0.1% q/q in Q1 and have reduced our growth estimate for this year to 0.6%, 0.1ppt lower than our previous forecast.

Table of Contents

9 Pages
Germany: First quarter is set to disappoint
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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