German Industry Body Cuts Growth Forecast
(MENAFN) The Federation of German Industries (BDI) announced on Monday that it had revised its 2025 economic outlook for Germany, lowering the growth projection from minus 0.1 percent to minus 0.3 percent.
This adjustment comes in response to the increasing strain caused by elevated US tariffs on German exports.
According to a statement from the BDI, "industrial production remains significantly below the pre-crisis level of 2019, and capacity utilization is only 77%."
The organization emphasized that a robust economic foundation is essential for enhancing both national sovereignty and collective defense efforts.
The BDI highlighted that German manufacturers are committed to taking part in ensuring regional security, describing the nation’s defensive strength as a shared responsibility between both the public and private sectors.
BDI President Peter Leibinger remarked, "we still have a long way to go to get out of the recession."
However, he expressed optimism, stating there is "a real chance for an upturn next year if the federal government resolutely pursues the path it has chosen."
Leibinger pointed to the government’s early moves, such as the "'investment booster' and tax and energy cost relief," as positive signs.
He noted that while these steps are valuable, additional actions and especially long-term structural changes are essential to bolster the economy and reinforce its global competitiveness.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
