The industrialized nations organization OECD has once again revised its forecast for German economic growth downwards. However, there is an upward trend in sight.
The OECD economic experts expect stagnation in Germany for the coming year, as can be seen from the economic outlook published in Paris. The OECD then expects growth of 0.7 percent for the coming year and 1.2 percent for 2026.
The OECD had already revised its forecast for Germany slightly downwards in September and predicted an economic increase of 1.0 percent for 2025.
High uncertainty about the financing and implementation of more climate-friendly production has reduced the confidence of investors and consumers in Germany. In addition, weak foreign demand has weighed on economic activity, according to the OECD economic outlook. However, exports are slowly recovering as demand from the most important trading partners increases.
Robust growth worldwide
Globally, the OECD expects economic growth of 3.3 percent next year and also in 2026. In the euro area, it assumes growth of 1.3 percent and 1.5 percent respectively.
The Paris-based Organization for Economic Co-operation and Development (OECD) brings together countries that are committed to democracy and a market economy. In addition to large economies such as Germany, the USA and Japan, emerging countries such as Mexico and Chile are now members. (dpa)