The economic analysis shows a strong rebound in the future. According to President of the German Central Bank, Joachim Nagel, Germany is likely to accelerate in the coming weeks. In an economic conference held at the Latvian central bank in Riga, Nagel emphasized that recent analyses have highlighted a stronger economic recovery compared to the German National Bank's forecasts for the summer period. 'Germany's economy is likely to accelerate in the coming weeks,' he said.

The German economy, which has registered a 0.4% growth in the first quarter and 0.3% in the second quarter, has experienced fuel spills due to low water levels on the Rhine. Preliminary forecasts show a 0.2% increase in the third quarter, indicating a slight improvement in industrial sphere. Manufacturing activity has increased, particularly in chemical industries and electrical equipment, while industrial orders suggest that the rebound could continue.

However, private consumption remains slow, while investment in machines and production equipment decreased in the second quarter. The German National Bank (Bundesbank) will publish its comprehensive economic forecast in December, providing further information on the future growth prospects for Germany. Nagel warned that only public spending would not significantly improve the future growth rate of Germany.

He also urged deeper European integration, including completing the single market and strengthening financial markets, to boost economic growth and resilience amid increasing global fragmentation. Higher defense and infrastructure spending are expected to boost demand, but structural reforms are needed to strengthen long-term growth, says Joachim Nagel.