Germany's Economy Grows for Third Quarter

German economy showed a growth rate of 0.3% in the second quarter of 2026, surpassing the expected 0.2%. This reflects a continued recovery for three consecutive quarters. The growth was primarily driven by a 2% increase in exports, while private and government consumption rose slightly by 0.1%. Despite the positive performance, public finances are under significant pressure, with an overall deficit of $83 billion in the first six months of the year. Projections indicate the deficit could exceed 4% of GDP by 2027, threatening to downgrade Germany's credit rating and increase borrowing costs.

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