HRI business forecast: growth yes, but Germany's population will still become poorer
The signals are pointing to an upswing. And indeed, in the short term, Germany is a crisis winner. However, the structural problems are growing enormously.
Germany's economy has grown surprisingly strongly in the first half of the year. The Handelsblatt Research Institute (HRI) has raised its growth forecast to 1.1% for this year and 1.4% for next year, up from previous estimates of 0.5% and 0.3%. The German export industry has benefited from the global shortage of oil and gas, as it relies on supplies from Norway and the US, unlike its Asian competitors.
As a result, exports of goods and services are up 5% year-over-year, with the HRI predicting growth of 3.9% this year and 3.3% next year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
