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Germany’s economy will stagnate this year as tariffs cast a shadow, advisers say
- Germany's economy, Europe's largest, will stagnate in 2025 according to a government advisory panel's forecast announced on May 21.
- This stagnation follows shrinking GDP over the past two years, caused by fiscal constraints, an industrial downturn, and uncertainty from US tariffs under President Trump.
- Despite past export growth dominated by engineered products, Germany now faces rising competition from China and declining Asian exports, with the US becoming its biggest trading partner in 2024.
- Monika Schnitzer, chair of the Council of Economic Experts, warned that US tariffs are creating global economic instability and posing risks to growth, but she also pointed to a €500 billion investment plan aimed at upgrading Germany’s infrastructure and promoting stronger economic performance.
- Experts expect growth to resume at about 1% in 2026 as the fiscal package takes effect, yet they caution that structural reforms and reducing bureaucracy remain necessary for sustainable recovery.
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German growth upgraded on pre-tariff export surge
Germany's economy grew more than previously thought at the start of the year, as its exports surged before US President Donald Trump imposed sweeping tariffs, official data showed Friday.
·Cherokee County, United States
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Coverage Details
Total News Sources105
Leaning Left10Leaning Right16Center18Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 23%
C 41%
R 36%
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