Germany's economy was set to rebound. But soaring energy prices have derailed Europe's biggest comeback [CNBC]
Goldman Sachs Group, Inc. (The) (GS)
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Source: CNBC
Germany's economy minister this week cut its growth forecast in half, with inflation now expected to rise this year. Facing weaker growth and deeper structural issues, the federal government's enormous fiscal spending package is now seen as a vital tailwind for the country. Europe's biggest economy was set for a rebound, but now it's being hammered by soaring energy costs caused by the Iran war, prompting the federal government to halve growth forecasts. Germany's flagship fiscal stimulus package is in the spotlight as ministers scramble to cushion the impact of higher bills. Before the war, the country had been powered by rising industrial orders, dropping inventories, and improving sentiment, thanks mainly to fiscal spending on defense and infrastructure But higher energy prices and supply chain risks are “spoiling the German growth party before it even started,” said Carsten Brzeski, global head of macro research at ING. The Federal Ministry for Economic Affairs and En
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GS
Earnings
- 4/14/26 - Beat
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Sec Filings
- 4/24/26 - Form 424B2
- 4/24/26 - Form FWP
- 4/24/26 - Form FWP
- GS's page on the SEC website