The chancellor and cabinet ministers met with the five economics professors of the German Council of Economic Experts. The council’s latest report lowers the growth forecast and indicates stagnation rather than expansion. GDP is expected to grow by 0.5% this year and 0.8% next year. Inflation is expected to rise to 3% in 2026. Business leaders express growing frustration with the government and warn that Germany’s global competitive position is more precarious than at any time since World War II. One in four jobs is linked to the industrial sector, and exports of cars, machinery, chemicals, and pharmaceuticals have faced weakening competitiveness since the downturn that began in 2019.
"For decades, German exports of cars, machinery, chemical and pharmaceutical products flourished, and the country prospered as a result. Since the prolonged economic downturn that began in 2019, however, German companies have been losing their global competitive edge, and companies that export goods are openly questioning w"
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