Konjunktur: Bundesregierung erwartet leichtes Wachstum zum Jahresende
Sondereffekte wie der niedrige Rheinpegel verschwinden, darum rechnet das Wirtschaftsministerium mit mehr Wachstum zum Jahresende. Doch die hohen Ölpreise bleiben eine Belastung.
The German government anticipates modest growth towards the end of the year, according to its latest economic assessment. Recent setbacks such as low water levels on the Rhine river and automotive plant production pauses are expected to ease, allowing the economic momentum to accelerate further by year-end, the Ministry of Economic Affairs announced this week.
The government's monthly report stated that this recovery is increasingly benefiting small and medium-sized enterprises, which are more reliant on domestic demand than large corporations. However, consumer sentiment remains subdued, with retail sales and consumer confidence showing limited improvement. While the fuel rebate is expected to bolster purchasing power, the volatility of oil and gas prices poses a risk.
The German economy grew by 0.2 percent in the spring quarter, followed by a 0.3 percent increase in the second quarter and a 0.4 percent rise at the start of the year. After a prolonged period of economic stagnation, it is expected to make a noticeable comeback this year for the first time since 2022, growing by over 1 percent. Government spending on infrastructure and defense is expected to provide the primary boost.
However, many experts believe this will not be a self-sustaining recovery, as private investment remains hesitant due to ongoing uncertainty.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
