{"id":207545,"date":"2025-06-23T11:41:17","date_gmt":"2025-06-23T11:41:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/207545\/"},"modified":"2025-06-23T11:41:17","modified_gmt":"2025-06-23T11:41:17","slug":"german-industrial-lobby-group-cuts-2025-economic-forecast-as-us-tariffs-weigh","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/207545\/","title":{"rendered":"German industrial lobby group cuts 2025 economic forecast as US tariffs weigh"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -The German economy is set to contract more than previously expected in 2025 as U.S. <a href=\"https:\/\/www.yahoo.com\/issues\/tariffs\/\" data-ylk=\"slk:tariffs;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">tariffs<\/a> weigh on exports, the BDI industry association said on Monday, forecasting a 0.3% contraction in 2025.<\/p>\n<p class=\"yf-1090901\">In January BDI had forecast a 0.1% contraction, but flagged that changes to U.S. tariff policy might impact the export-driven economy further.<\/p>\n<p class=\"yf-1090901\">A contraction in 2025 would mark Germany&#8217;s third consecutive annual decline.<\/p>\n<p class=\"yf-1090901\">The U.S. was Germany&#8217;s biggest trading partner in 2024 with two-way goods trade totalling 253 billion euros ($288.02 billion).<\/p>\n<p class=\"yf-1090901\">&#8220;Nevertheless, there is a real chance of an upturn next year if the German government resolutely pursues the path it has taken,&#8221; BDI President Peter Leibinger said in a statement.<\/p>\n<p class=\"yf-1090901\">Leibinger welcomed initial steps taken by the current government, such as tax and energy price relief, but said further reforms were necessary.<\/p>\n<p class=\"yf-1090901\">BDI also offered the government support in strengthening Germany&#8217;s defence capabilities, with Leibinger saying that &#8220;German industry is ready to make its contribution.&#8221;<\/p>\n<p class=\"yf-1090901\">(Reporting by Christian Kraemer, Writing by Isabel Demetz, Editing by Friederike Heine)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -The German economy is set to contract more than previously expected in 2025 as U.S. tariffs weigh&hellip;\n","protected":false},"author":2,"featured_media":207546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[83308,2000,299,1824,83307],"class_list":{"0":"post-207545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-bdi","9":"tag-eu","10":"tag-europe","11":"tag-germany","12":"tag-peter-leibinger"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114732497916824547","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/207545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=207545"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/207545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/207546"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=207545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=207545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=207545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}