Germany's Federal Ministry for Economic Affairs and Energy slashes 2026 GDP growth forecast to 0.5% from 1.0%, citing Middle East war's impact on energy prices and economic recovery, with inflation expected to reach 2.7% this year as geopolitical shocks continue to weigh on Europe's largest economy.
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Germany Slashes 2026 GDP Forecast in Half on Middle East War Fallout
Germany's Federal Ministry for Economic Affairs and Energy slashes 2026 GDP growth forecast to 0.5% from 1.0%, citing Middle East war's impact on energy prices and economic recovery, with inflation expected to reach 2.7% this year as geopolitical shocks continue to weigh on Europe's largest economy.