The German economy is growing more slowly than expected.

VTV.vn - Leading German economic research organizations have simultaneously lowered their growth forecasts, indicating that Europe's largest economy still faces many headwinds.

The German economy is growing more slowly than expected.

Leading German economic research firms have collectively lowered their growth forecasts, indicating that Europe's largest economy still faces significant headwinds in its medium-term recovery.

The Ifo Institute, Germany's leading economic research institute, forecasts that Germany's GDP will grow by only 0.8% in 2026 and 1.1% in 2027, 0.5 percentage points lower than its forecast in September.

Researchers at this leading economic institute have also revised their forecasts for this year, expecting Germany's Gross Domestic Product (GDP) to grow by only 0.1%, down from the previous forecast of 0.2%.

These figures are significantly lower than the German government 's economic forecasts, which project GDP growth of 1.3% and 1.4% in 2026 and 2027, respectively.

Meanwhile, the Kiel Institute for World Economics and the Leibniz Institute for RWI both revised down their forecasts, both projecting growth of just 1% in 2026 and 2027.

Timo Wollmershäuser, head of forecasting at Ifo, said Germany is striving to catch up in terms of innovation, but cumbersome bureaucracy and outdated infrastructure are slowing the process.

"The German economy is adapting very slowly and spending too much on structural transformations through innovation and new business models," said Wollmeshäuser. He added, "Measures are needed to boost the labor supply through additional incentives to increase working hours or labor market participation, and to boost productivity through comprehensive digitalization and simplification of the state system."

Source: https://vtv.vn/kinh-te-duc-tang-truong-cham-hon-du-kien-100251212144236359.htm