The German Council of Economic Experts has lowered its forecast for Germany’s economy, now expecting stagnation in 2025 amid industrial challenges and ongoing impacts from U.S. tariffs, while modest growth is anticipated to resume in 2026 thanks to a major fiscal stimulus plan.
The German Council of Economic Experts, the academic body advising the government on economic policy, on Wednesday downgraded its growth forecast for Germany’s economy, now expecting stagnation in 2025. This revision follows earlier forecasts that had predicted moderate growth, reflecting persistent industrial weakness and external risks.
Germany, Europe’s largest economy and the only G7 member to have experienced no growth in recent years, continues to face fiscal constraints and an industrial downturn that have dampened its economic prospects. Tariffs imposed by the United States remain a significant challenge for Germany’s export-oriented economy.
Monika Schnitzer, chairwoman of the Council, emphasized that Germany’s near-term economic outlook is heavily influenced by U.S. tariff policies and the country’s fiscal package. The U.S. remains Germany’s largest trading partner, with bilateral goods trade totaling 253 billion euros ($284 billion) in 2024.
On the positive side, Germany approved a major fiscal plan in March 2024, which includes a 500-billion euro special fund for infrastructure investments and relaxes borrowing limits on defense spending. Economists see this fiscal stimulus as a key factor that could help Germany return to growth.
The Council forecasts that starting in 2026, the fiscal stimulus will spur investments in construction, equipment, and government spending, leading to a projected 1.0% growth next year. Private consumption is also expected to strengthen in 2026 as real disposable incomes increase more significantly than in 2025, supporting broader economic recovery.
Global oil demand will continue rising until around 2030, even as China’s consumption peaks in 2027, driven by low U.S. gasoline prices and slower EV adoption, the International Energy Agency (IEA) said on Tuesday.
Indonesian President Prabowo Subianto and Singaporean Prime Minister Lawrence Wong have committed to strengthening bilateral cooperation in defense, green development, and industrial growth during a high-level meeting in Singapore.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The Kremlin on Tuesday expressed concern over what it described as a rapidly worsening conflict between Israel and Iran, stating that Israel appears unwilling to engage in mediation efforts.
U.S. President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent had remained at the G7 summit in Canada to continue discussions, while he returned to Washington to address Middle East developments.
Chinese President Xi Jinping stated that China-Kyrgyzstan relations have reached their strongest point in history. He made the remarks during a meeting with Kyrgyz President Sadyr Japarov on the sidelines of the 2nd China-Central Asia Summit in Astana, Kazakhstan.
Global oil demand will continue rising until around 2030, even as China’s consumption peaks in 2027, driven by low U.S. gasoline prices and slower EV adoption, the International Energy Agency (IEA) said on Tuesday.
Indonesian President Prabowo Subianto and Singaporean Prime Minister Lawrence Wong have committed to strengthening bilateral cooperation in defense, green development, and industrial growth during a high-level meeting in Singapore.
Tajikistan's President Emomali Rahmon met with Chinese counterpart Xi Jinping on the sidelines of the 2nd Central Asia–China Summit in Astana. President Rahmon noted that Tajikistan places great importance on its "comprehensive strategic partnership" with China.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
Global oil demand will continue rising until around 2030, even as China’s consumption peaks in 2027, driven by low U.S. gasoline prices and slower EV adoption, the International Energy Agency (IEA) said on Tuesday.
Oil prices rose on Tuesday, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict.
Central banks around the world expect their gold holdings as a proportion of their reserves to increase over the next five years while expecting their dollar reserves to be lower, a survey by the World Gold Council (WGC) showed.
Donald Trump's media company has filed for a Bitcoin and Ethereum exchange-traded fund (ETF), prompting fresh concerns over potential conflicts of interest as the U.S. President remains active in both politics and cryptocurrency ventures.
Dozens of public companies, including one founded by Donald Trump, are adding bitcoin to their balance sheets, betting big on crypto amid soaring prices and political backing from the U.S. President.
Chinese President Xi Jinping stated that China-Kyrgyzstan relations have reached their strongest point in history. He made the remarks during a meeting with Kyrgyz President Sadyr Japarov on the sidelines of the 2nd China-Central Asia Summit in Astana, Kazakhstan.
Global oil demand will continue rising until around 2030, even as China’s consumption peaks in 2027, driven by low U.S. gasoline prices and slower EV adoption, the International Energy Agency (IEA) said on Tuesday.
Indonesian President Prabowo Subianto and Singaporean Prime Minister Lawrence Wong have committed to strengthening bilateral cooperation in defense, green development, and industrial growth during a high-level meeting in Singapore.
Tajikistan's President Emomali Rahmon met with Chinese counterpart Xi Jinping on the sidelines of the 2nd Central Asia–China Summit in Astana. President Rahmon noted that Tajikistan places great importance on its "comprehensive strategic partnership" with China.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
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