On September 8, Jin10 reported that Carsten Brzeski of the Dutch International Group stated in a report that Germany is struggling to escape its stagnation. Data shows that Germany's exports to the United States continued to decline in July, reaching their lowest level since the end of 2021, with exports to other major trading partners also falling, highlighting the broad challenges faced by Germany's export-oriented economy. Brzeski noted that with the strengthening of the euro and external pressures such as trade tariffs, Germany, the largest economy in Europe, appears set to remain sluggish for the rest of the year. He added, “This all means that hopes for a sustainable recovery in Germany rest on fiscal stimulus.”
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International Netherlands: Germany's exports fell in July, with the economy deeply mired in stagnation.
On September 8, Jin10 reported that Carsten Brzeski of the Dutch International Group stated in a report that Germany is struggling to escape its stagnation. Data shows that Germany's exports to the United States continued to decline in July, reaching their lowest level since the end of 2021, with exports to other major trading partners also falling, highlighting the broad challenges faced by Germany's export-oriented economy. Brzeski noted that with the strengthening of the euro and external pressures such as trade tariffs, Germany, the largest economy in Europe, appears set to remain sluggish for the rest of the year. He added, “This all means that hopes for a sustainable recovery in Germany rest on fiscal stimulus.”