Bundesbank: German economy to shrink 0.2% this year, grow 0.2% in 2025

Source Fxstreet

The German central bank, Bundesbank, predicted in its monthly report published on Friday that the economy is set to expand only modestly next year after a decline of 0.2% in Gross Domestic Product (GDP) this year.

Additional takeaways

The German central bank, Bundesbank, predicted in its monthly report published on Friday that the economy is set to grow only modestly next year after a decline of 0.2% in Gross Domestic Product (GDP) this year.

Additional takeaways

German economy to shrink by 0.2% this year, grow by 0.2% in 2025 and 0.8% in 2026.

German economy to stagnate in the winter half-year, to make a slow recovery over the course of 2025.

Trump tariffs could lower German economic growth by 1.3% to 1.4% through to 2027.

The German economy is not only battling economic headwinds but also structural problems.

The labor market was now also reacting "noticeably" to persistent economic weakness.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.21% 0.25% 0.52% -0.01% -0.08% 0.00% 0.22%
EUR 0.21%   0.46% 0.76% 0.19% 0.13% 0.22% 0.44%
GBP -0.25% -0.46%   0.29% -0.27% -0.34% -0.24% -0.03%
JPY -0.52% -0.76% -0.29%   -0.53% -0.61% -0.53% -0.31%
CAD 0.01% -0.19% 0.27% 0.53%   -0.08% 0.02% 0.23%
AUD 0.08% -0.13% 0.34% 0.61% 0.08%   0.09% 0.30%
NZD -0.01% -0.22% 0.24% 0.53% -0.02% -0.09%   0.21%
CHF -0.22% -0.44% 0.03% 0.31% -0.23% -0.30% -0.21%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
WTI climbs to $76.00, eyes one-year high amid rising tensions in the Middle EastWest Texas Intermediate (WTI) US Crude Oil prices attract fresh buyers on Wednesday and climb back closer to the highest level since January 2025, touched the previous day.
Author  FXStreet
12 hours ago
West Texas Intermediate (WTI) US Crude Oil prices attract fresh buyers on Wednesday and climb back closer to the highest level since January 2025, touched the previous day.
placeholder
Silver Price Forecast: XAG/USD rises to near $85.00 as Middle East war intensifiesSilver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
Author  FXStreet
13 hours ago
Silver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
placeholder
Australian Dollar remains subdued following GDP dataAUD/USD extends its losses for the second successive session, trading around 0.7010 during the Asian hours on Wednesday. The pair remains under pressure following the release of Australian Gross Domestic Product (GDP) data.
Author  FXStreet
21 hours ago
AUD/USD extends its losses for the second successive session, trading around 0.7010 during the Asian hours on Wednesday. The pair remains under pressure following the release of Australian Gross Domestic Product (GDP) data.
placeholder
Single-Day Prices Surge Another 32%. How Severe Is the Volatility Challenge in Europe’s Natural Gas Market?TradingKey - On March 3 local time, European natural gas futures surged for the second consecutive trading day, driven by the production halt at QatarEnergy's core facilities. European benchmark natur
Author  TradingKey
Yesterday 09: 59
TradingKey - On March 3 local time, European natural gas futures surged for the second consecutive trading day, driven by the production halt at QatarEnergy's core facilities. European benchmark natur
placeholder
Pound Sterling continues to underperform amid US-Israel war with IranThe Pound Sterling (GBP) trades lower against its major currency peers, slides 0.3% to near 1.3360 against the US Dollar (USD) during the European trading session on Tuesday.
Author  FXStreet
Yesterday 08: 29
The Pound Sterling (GBP) trades lower against its major currency peers, slides 0.3% to near 1.3360 against the US Dollar (USD) during the European trading session on Tuesday.
Related Instrument
goTop
quote