The European Commission has forecast that Germany's economy will contract in 2024, making it the weakest performer in the EU, with a projected growth of just 0.7% in 2025.
Valdis Dombrovskis emphasized that the EU economy is showing signs of recovery, yet warned against complacency due to ongoing high geopolitical uncertainties and risk factors.
Germany's general election occurring amid economic stagnation creates a challenging backdrop, with a lame duck government left to navigate complex international trade dynamics.
The EU faces potential fresh economic challenges with Donald Trump's anticipated tariffs on foreign goods, which may lead to retaliatory measures from the bloc.
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