德国银行业协会：预计德国经济明年好转

Core Insights - The German banking industry association forecasts a recovery in the German economy by 2026, with a projected growth rate of 1.4% [1] - Currently, the German economy is stagnating, with an expected GDP growth of only 0.2% in 2025, and both investment and exports are below last year's levels [1] - Investment is anticipated to be a key driver of growth in 2026, supported by stabilizing private consumption [1] Economic Conditions - The report highlights significant pressure on the export-oriented German economy due to U.S. tariff policies, but increased government spending is expected to provide a positive stimulus [1] - The federal government's fiscal plan alone could contribute 0.8 percentage points to Germany's economic growth in 2026 [1] Expert Commentary - The general manager of the German banking association, Heiner Heckenhof, states that after over five years of economic stagnation, there are solid foundations for growth in the coming year [1] - He emphasizes the need for comprehensive and decisive reforms to effectively improve Germany's growth and investment conditions [1] Methodology - The economic outlook is based on a survey of chief economists from 14 private banks, with the report published biannually [1]