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
- Ukrainian Drone Strikes Cripple Moscow Refinery, Halting Oil Processing
- Russian Regions in Debt: From 6 to 56 – A Tenfold Surge in Deficits
- Save on Mobile Bills: Vodafone Launches Discounted Plans in Ukraine
- Odessa Gas Rates Hold Steady as Water Price Hikes Loom in July
- UK Firms Get Green Light for Lukoil Payments: What the OFSI License Actually Changes
- Four Border Crossings with Moldova Upgraded in Odesa Region: What Travelers and Businesses Can Expect

