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International Business Times

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BIZARRE: Germany raises growth forecasts but warns reforms needed | Mind Blowing Facts

Germany Katherina Reiche Economy Friedrich Merz United States China

Germany's economy has been hit hard by a manufacturing slump (Credit: AFP)

Germany's economy will eke out meagre growth in 2025 before picking up speed next year, the government Wednesday said as it raised forecasts, but called for "decisive reforms" for a sustained recovery.

Europe's top economy shrank in both 2024 and 2023 as it was hit by a manufacturing slump, surging energy costs and weak demand for its exports, particularly from key market China.

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