Commerzbank has projected that Germany's economic growth will be restrained to just 0.6% in 2026, largely due to persistently high energy prices. According to FX Street, Dr. Jörg Krämer from Commerzbank highlighted that these elevated energy costs will continue to burden the German economy, especially in the second half of 2026.
The forecast points to a challenging environment for Germany’s economy throughout the year, with growth limitations expected to persist even as other factors stabilize. This outlook reflects ongoing concerns about energy expenses impacting industrial output and consumer spending.
For Japanese investors and markets, Germany's subdued growth amid high energy prices underscores the broader European economic risks that could influence global trade and currency fluctuations, including the euro-yen exchange rate.