The fortune of the eurozone’s largest economy is gloomy, especially with President-elect Donald Trump returning to the White House.
Germany’s economy will contract this year and will hardly grow in 2025, according to new forecasts from Germany’s central bank - the Bundesbank.
National output is expected to shrink by 0.2% this year, down from the Bundesbank’s prediction of 0.3% growth - delivered in June.
In 2025, output is set to increase by a meagre 0.2%, compared to the previously-forecasted 1.1%.
For 2026 and 2027, the Bundesbank forecasts growth of 0.8% and 0.9%.
Germany’s global exports fell more than expected in October, according to data also published on Friday by the federal statistics office.
Exports fell by 2.8% compared with the previous month.
Exports to China decreased by 3.8% on the month, exports to the US were down 14.2%, and exports to EU countries dropped by 0.7%.
