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Meretz: Germany's economy resumes growth
German Chancellor Friedrich Merz reported that Germany's economy is currently experiencing the beginning of a recovery after more than three years of recession, with expectations of limited growth despite challenges posed by the war in Iran and rising oil and gas prices. He noted that the gross domestic product increased by 0.3% in the second quarter of 2026, surpassing expectations, with export sector sentiment reaching its highest level since February 2022 due to government measures and increased AI utilization. Merz also emphasized that innovation and competitiveness, particularly through artificial intelligence, are key drivers for restoring confidence and economic growth, with exports expected to rise by 0.6% in 2026. The improvement in figures and optimism within manufacturing sectors are evident, although some sectors like paper and metals industries still anticipate declines in exports.
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