.jpg)
10 hours ago
2
Article content
(Bloomberg) — The German government is set to raise its economic forecasts, bringing official projections into line with those of the country’s leading research institutes, people familiar with the matter said on Saturday.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Economy Minister Katherina Reiche will flag 0.2% growth for 2025 in her autumn projections next week, said the people, who declined to be identified ahead of the presentation. That compares with a forecast by the previous administration for no growth at all.
Article content
Article content
Article content
For 2026, the ministry now anticipates 1.3% growth, expanding to 1.4% in 2027, the people said. The revised figures match estimates by the country’s leading research institutes published last month.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Germany is set for a rebound thanks to rapid fiscal expansion, but the boost will prove temporary unless the government addresses underlying issues, the advisers warned at the time.
Article content
Chancellor Friedrich Merz’s government is trying to engineer a recovery in Europe’s biggest economy after an agreement to spend hundreds of billions of euros on infrastructure and defense investments. While that’s lifted the mood among companies, there’s rising demand for more fundamental reforms.
Article content
Since the pandemic, but especially since Russia’s attack on Ukraine and the associated explosion in energy prices, the German economy has been in turmoil. While US tariffs under President Donald Trump have complicated growth efforts, the lack of competitiveness of Germany’s automotive industry — its mainstay — has exposed weaknesses in the country’s broader business model.
Article content
A spokesperson for the economy ministry declined to comment on Saturday. The official numbers are due to be unveiled on Oct. 8.
Article content
Reuters was first to report about the forecast adjustments.
Article content
English (US)