The German government significantly lowers its economic growth expectations.

On the 22nd local time, German Minister of Economy and Energy, Peter Altmaier, held a press conference in Berlin and announced that the German government has revised its economic growth forecast for 2026 down to 0.5% and for 2027 to 0.9%. The economic growth forecast released by the German government this time is significantly lower than the data from January. In January of this year, the German government predicted a 1.0% economic growth for 2026.