Konjunktur: Bundesbank-Präsident Nagel: Deutsche Wirtschaft wächst doppelt so stark wie erwartet
Deutschlands Wirtschaft hat sich widerstandsfähiger gezeigt als erwartet – trotz des Iran-Konflikts und gestiegener Energiekosten. Auch das DIW erhöht die Prognose.
Bundesbank President Joachim Nagel revealed that Germany's economy is growing twice as fast as initially anticipated. In his interview with "Le Monde", Nagel stated that for this year, his institution expects a growth of up to 1% - twice as much as the June forecast of the central bank. Nagel, also a member of the ECB Council, had earlier predicted a 0.5% growth for 2026, followed by 0.8% in 2027 and 1.4% in 2028.
The Bundesbank acknowledged that the growth remains "not very high" but the export figures were "quite solid" and industrial order intake was "sound". The central bank had previously stated that the country was finally on a recovery path, citing better-than-expected growth in the first two quarters and a recent data revision showing stronger dynamism since the end of 2023.
Following the surprising economic data, some banks also raised their growth forecasts, starting with the German and Raiffeisen banks increasing their growth forecast for this year from 0.5 to 1%. The Deutsche Bank and the DIW Institute also adjusted their projections upwards, with the DIW Institute predicting a 1.2% growth for 2026 and a 1.0% increase for 2027, after a robust first half of the year.
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