Germany blames Trump’s introductory policy as the main reason behind the stagnation of its economy this year
BERLIN (AP) – The German economy will enjoy this year as the country faces the opposite winds of the American PresidentDonald TrumpThe government of independent economic advisors in the government said on Wednesday that the tariff and commercial threats.
Germany has the largest economy in Europe, but it has not seen an importantEconomic growth in five yearsThe gross domestic product decreased in each ofThe last two years.
The Consulting Committee, in its first expectations from a newCounselor Friedrich MirzThe government took office earlier this month, that the economy will run this year and grow by 1 % in 2026. In November, its previous expectations were 0.4 % this year.
New expectations in a lineWith the expectations made a month ago by the recent German government.
Mirz, who took office on May 6, pledged a decline in bureaucracy, pre -honesty, offering tax exemptions to companies and strengthening more European trade agreements.
“Trump’s tariff policy increases uncertainty and endangered economic growth around the world,” said Monica Schnezer, the chair of the committee. But she said that hugeInvestment packageThe Mirz alliance provides “opportunities to update the infrastructure in Germany and return to a higher growth path,” which means a better look for the next year.
Germany for extensive exports and global trade in engineering products such as industrial machines and luxury cars. But he suffered from increasing competition from Chinese companies, along with many other factors, and Trump’s tariff has added an additional risk to German exports.
Last year, the United States was the largest song in GermanyCommercial partnerFor the first time since 2015, China has decreased from the lead with exports to Asian power.
This story was originally shown on Fortune.com
