German Central Bank President: German economy recovering faster than expected, but structural reforms still need to be pursued
2026-11-11 16:33:55
According to CoinMeta, Bundesbank President Jens Weidmann stated that Germany's economic recovery is faster than expected a few months ago, but the government must continue to advance structural reforms to ensure long-term economic growth. Weidmann pointed out at a conference held in Riga that the latest economic data and forecasts have shown encouraging signs of improvement, suggesting that the Bundesbank may raise its economic growth forecast next month. However, these positive trends should not be a reason for the government to relax its vigilance. He emphasized that increasing public spending on defense and infrastructure, coupled with the cyclical economic recovery, is still not enough to solve Germany's structural problems. Despite inflationary pressures caused by the Iran war and the impact of U.S. tariff policies, Germany's economic performance this year has been better than expected, and a significant increase in public spending has been an important factor in driving economic expansion. The German government has recently raised its economic growth forecast for 2026 to 1.3%. Weidmann said that Germany's economy has regained some cyclical growth momentum, which is a positive sign.
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Source:Jin10 Data
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