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Macro - Country Economic Forecasts - Germany

Publisher Oxford Economics
Published Jan 14, 2026
Length 9 Pages
SKU # OFE20872856

Description

The latest data indicate that German industry’s rebound from its decline in late summer has been faster than expected, prompting us to raise our 2025 growth estimate by 0.1ppt to 0.3%. However, recent gains in industrial data have been concentrated in a narrow group of sectors. We expect a partial reversal in the December numbers or in Q1.

Table of Contents

9 Pages
Germany: Weak foreign demand poses risk to industrial recovery
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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