Germany's economy is struggling with fierce Chinese competition in sectors from cars to chemicals

Germany's economy is struggling with fierce Chinese competition in sectors from cars to chemicals

Leading economic institutes more than halved their growth forecasts for Germany on Wednesday, warning that the energy shock caused by the Middle East war would hit Europe's top economy hard.

A group of leading institutes slashed their joint growth forecast for 2026 to 0.6 percent, down from a September prediction of 1.3 percent.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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