Germans are showing signs of cautious optimism amid ongoing economic challenges. While inflation and energy costs continue to weigh on households, consumer sentiment has improved slightly compared to the previous year. Analysts attribute this shift to stabilizing energy prices and government measures that have helped cushion the impact of external shocks, particularly those stemming from the war in Ukraine. Although industrial output remains under pressure and confidence in the manufacturing sector is fragile, there are indications that the worst of the downturn may be behind the country. The service sector, in particular, has shown resilience, supported by strong domestic demand and a rebound in tourism and hospitality. Economists warn, however, that long-term recovery will depend on structural reforms, investment in green technologies, and the ability to maintain competitiveness in global markets.
— news from The Wall Street Journal
— News Original —
Germans Feel a Little Less Gloomy Despite Economic Clouds The Wall Street Journal