Germany's export economy is struggling, with a 1.7% drop in September exports compared to August, amid rising global competition and high energy costs. Industrial production also fell sharply by 2.5%, raising concerns about the impact of potential US protectionism following Donald Trump's re-election. Economists warn that without swift political action, Germany faces a challenging economic outlook.
Germany's export economy is struggling, with a 1.7% drop in September exports compared to August, amid rising competition and high energy costs. Industrial production also fell sharply by 2.5%, raising concerns about the impact of potential US protectionism under Trump's re-election. Economists warn that urgent reforms are needed, but political instability following the collapse of the coalition government may hinder necessary actions.
Economists express caution regarding the unexpected 0.2% growth of the German economy in Q3, labeling it an "upward outlier." Despite slight growth driven by government and consumer spending, indicators suggest a challenging winter ahead, with stagnation expected in Q4 and a projected GDP decline of 0.2% for the year.
Inflation in Germany has unexpectedly risen to 2.0% in October, driven by higher prices for food and services, prompting concerns about the European Central Bank's (ECB) interest rate cuts. While some experts warn of persistent inflation due to rising wages, others believe this is not indicative of a second wave of inflation. The ECB faces pressure to reconsider its monetary policy as inflation exceeds its 2% target, with predictions of further increases in the coming months.
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