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Germany's growth outlook cut in half
The German Institute for Economic Research (DIW) has lowered its forecast for Germany's economic growth in 2026 to 0.5%, expecting a decline in gross domestic product due to rising oil prices and the ongoing war with Iran, which are constraining the economic recovery and pushing inflation above the targeted rate. The institute also predicts the economy will experience a slight dip in the second and third quarters before stabilizing, with the unemployment rate rising to 6.4% in 2026. The head of the research department affirmed that Germany is not at risk of a second energy crisis, and that current financial support is helping to stabilize the economy despite the challenges.
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