摆脱两年衰退，德国经济2025年实现小幅增长

Core Viewpoint - After two consecutive years of recession, the German economy is projected to grow by 0.2% in 2025, according to preliminary calculations by the Federal Statistical Office of Germany [1] Economic Growth Factors - The growth is primarily attributed to increased household and government consumption expenditures [1] Export and Investment Challenges - The export sector is facing significant challenges due to rising U.S. tariffs, the appreciation of the euro, and strong external competition, leading to a decline in exports [1] - Investment remains weak, continuing to be a concern for the economy [1] Sector Performance - The manufacturing sector has seen a continuous decline in output for the third consecutive year, with a year-on-year decrease of 1.3%, particularly in large industries such as automotive and mechanical engineering [1] - The construction industry has experienced a decline of 3.6%, influenced by persistently high construction costs [1] - The service sector shows mixed results, with declines in sports and entertainment industries, while trade, transportation, accommodation, and catering services grew by 1.2%, and public services, education, and health sectors increased by 1.4% [1]