Scholz Advisers Slash German Growth Forecast for Next Year
- Experts urge more public investment after years of negligence
- Economy seen expanding 0.4% in 2025 after 2024 contraction
Olaf Scholz addresses the Bundestag in Berlin, on Nov. 13.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Germany’s economy will hardly grow next year as underlying problems add to cyclical weakness, according to Chancellor Olaf Scholz’s independent panel of experts.
Gross domestic product is set to increase by just 0.4% in 2025, the Council of Economic Experts predicted in a twice-yearly report published Wednesday in Berlin. While other forecasters have also scaled back earlier growth projections, that’s just a fraction of the 1.1% predicted by the government a month ago.