Business · Economy · 7 hrs ago
German economic advisers set to raise growth forecasts
Germany’s Council of Economic Experts is due to present its annual report on Wednesday and first hand it to Chancellor Friedrich Merz.
The advisers are expected to raise their growth forecasts for this year and next.
The German government expects the economy to grow by 1.3% this year.
Stronger exports and public spending on infrastructure are helping drive the expected recovery.
Economists question whether the upturn will last.
The government is working on major reforms to make German businesses more competitive.
The report’s forecasts will add to the debate about whether the recovery can be sustained.
Follow