German Economy: Economists See Upturn – and Warn
5 Articles
5 Articles
The German economy is again growing slightly. However, economists warn: Without reforms, higher productivity and sound public finances, wealth losses, rising debt and burdens for future generations are threatening.
From the point of view of economics, German economic performance is likely to rise significantly again – but in the budget, huge financial gaps could arise in the longer term. On Wednesday, the Council of Experts for the Evaluation of Economic Development warned against a task of "historic scale". Politics would not get around tough decisions, according to President Monika Schnitzer.
The German economy is growing again, but the economy sees urgent need for reform: sovereign debt is rising, and growth potential remains unused.
Gross domestic product (GDP) will rise by 1.3 percent this year despite rising energy prices, according to the expert's opinion.
According to the forecast of the so-called "economic methods", the German gross domestic product will rise again for the first time in the current year, price-adjusted, by 1.3 percent, for the first time since 2022. The expert council clearly increased the forecast still in spring to 0.5 percent taxed on Wednesday. For 2027 the expectation was raised from 0.8 percent in spring to now 1.0 percent. Despite the economic recovery, however, Germany's…
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