Economy: Federal Government expects slight growth by the end of the year
Special effects such as the low Rhine water level will disappear, which is why the Ministry of Economics expects more growth at the end of the year. However, the high oil prices remain a burden.
The German economy is expected to gain momentum, according to the federal government. The economy had grown by 0.2 percent in the summer quarter, following 0.3 percent in the second quarter and 0.4 percent at the start of the year. The government expects the economy to grow by 1.3 percent this year, while economists forecast growth of over 1 percent. State spending on infrastructure and defense is driving growth, but experts warn that private investment remains hesitant due to ongoing uncertainty.
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.
