Meretz: Germany's economy recovers after recession
German Chancellor Friedrich Merz confirmed that Germany's economy is experiencing a recovery after three years of recession, surpassing expected growth and showing increased signs of economic improvement, despite the impacts of the war on Iran and rising oil and gas prices. GDP grew by 0.3% in the second quarter of 2026, about 0.1% higher than forecasts, with exports increasing by 2.0% and export sector sentiment reaching its highest level since February 2022, supported by investments and advances in digitalization and artificial intelligence. Merz also emphasized that the government is focusing on innovation and growth, with expectations of continued improvement in the coming months, as Germany shifts to a mood of optimism after years of weak confidence and stagnation.
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