German economy to stagnate even if Trump scraps 'reciprocal' tariffs, say forecastersGerman economic institutes on Thursday cut their growth forecast for this year to 0.1% from the 0.8% expected in September, taking into consideration initial US tariffs on steel, aluminium and cars, and confirming an earlier Reuters report.
Exports-dependent Germany is the only G7 economy that has contracted for the last two years.