Germany cuts growth forecasts for 2026-2027

Germany's economy ministry on Wednesday significantly reduced its growth forecasts for the coming years. The forecast for 2026 and 2027 has been cut from 1% to just 0.5%, indicating a more pessimistic economic outlook. This revision reflects ongoing challenges in the German economy, such as energy uncertainties and global market pressures. The move could influence policy decisions and business confidence in Europe's largest economy.