”Higher government spending on infrastructure and defense is forecast to boost German GDP growth to 1.4% in 2026 and 1.8% the following year. Goldman Sachs Research’s forecasts for the country are now significantly above the country’s 0.8% potential growth rate and the prevailing consensus among economists. The government’s near-term focus is likely to be on the speed and execution of the fiscal package, supporting these aims by fast-tracking planning and permitting processes for public investment, for example. GDP growth could be boosted further through policy reforms that alleviate labor shortages, high energy costs, and underinvestment in growth-oriented sectors. The German government’s increased spending on infrastructure and defense is forecast to boost economic growth above its potential and above the prevailing consensus among economists for the next several years, according to Goldman Sachs Research.”
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Morten W. Langer
