Germany's Ifo institute lowers 2027 outlook, recovery delayed by energy shock
Ifo said higher energy costs and inflation will keep growth modest, while public spending on infrastructure, climate and defense supports the outlook.
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10 Articles
AfD - Alternative for Germany [Newsroom]Berlin (ots) - The Ifo Institute lowers its forecast for 2027 to 0.8 instead of 1.2 percent GDP growth. The energy price shock slows the economy, "a strong expansionary fiscal policy" sustains growth, according to Ifo's CEO Timo ... Continue reading here...Original content of: AfD - Alternative for Germany, transmitted by news aktuell
For the current year, the economic institute continues to expect 0.8% growth. A relaxation in Iran could arrive at the companies at the end of the year, says Ifo CEO Fuest. Nevertheless, the Ifo looks more pessimistic than last in 2027.
Instead of 1.2 percent, the Ifo expects only 0.8 percent growth for 2027. Energy prices burden purchasing power. In the long term, reforms are lacking, the economists warn.
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