Konjunktur: 1,0 statt 0,5 Prozent Wachstum: Volksbanken verdoppeln Prognose für deutsche Wirtschaft
Weil Frühindikatoren besser ausfallen als erwartet, rechnen die Bank-Ökonomen mit einer stärkeren Entwicklung. Dafür dürfen nur die Pegelstände nicht weiter niedrig bleiben.
Frankfurt - The Bundesverband of German Volksbanks and Raiffeisenbanks (BVR) has dramatically increased its economic growth forecast for Germany, now expecting a 1.0 percent increase in price-adjusted gross domestic product (GDP) for the current year, up from the previous 0.5 percent. The organization anticipates continued growth of 1.3 percent in 2027.
BVR Chief Economist Andreas Bley attributed the more optimistic outlook to the slowdown in economic recovery caused only by temporary factors such as "narrowing waterways on the Rhine and a heat wave." He noted that positive signs of economic recovery have accumulated over the past few months, including a gradual revival of industry, increased momentum in construction, and robust exports that reached a record high in June.
Inflation is expected to stay at 2.8 percent this year and 2.5 percent in 2027. However, temporarily, price levels could exceed the three percent threshold due to higher energy and transport costs.
Bley also highlighted that low water levels on the Rhine might cause a short-term pause in growth during the third quarter, but damage should be temporary. Normalized water levels in the coming weeks should result in a slight recovery in the fourth quarter.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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