German industry association BDI cuts 2026 growth forecast, urges reforms
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The german industry association BDI has cut its forecast for growth in 2026 and is urging reforms. The forecast has been downgraded to 0.4% growth, though the reasons for this downgrade are not entirely clear, with possible factors including the impact of far-right state election wins and challenges related to the country's energy transition. The overall outlook for the german economy appears uncertain, with concerns about the potential for corporate bankruptcies and the struggles of small firms.
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