Norbolsa | German economic institutes last week downgraded growth expectations for the German economy to 0.1% in 2025 from 0.8% expected in September, when considering Trump’s tariffs on steel, aluminium and cars. The tariffs announced on April 2, but suspended on Wednesday, could further drain the German economy and lead to a third consecutive year of contraction, the institutes said, although they did not include them in their economic projections. The labour market is also expected to suffer further, with the unemployment rate rising to 6.3% (6% in 2024) and inflation falling to 2.2% in 2025 and 2.1% in 2026.
Germany to grow 0.1% in 2025 from 0.8% expected in September, German economic institutes say
