Germany’s Economy Stagnates with Minimal Growth Amid Consumer Spending
Germany’s economy grew by only 0.1% in the third quarter, narrowly avoiding a recession despite strong consumer demand. Recent data indicates that the economy is stagnant, with structural and cyclical issues persisting. Economists express cautious optimism for recovery in the coming year, driven by rising wages and low inflation. However, investment is declining in key sectors, and the industry is under significant pressure with expectations of continued production losses. The European Central Bank’s policies are seen as crucial for fostering future economic growth.