24 April 2025 | Euro

Germany’s economic outlook worsens due to US trade policies — Ifo

Germany’s economic outlook worsens due to US trade policies — Ifo

The Ifo Institute reported a drop in economic expectations in Germany in April. The Ifo index fell to 87.4 points in April, down from 87.7 in March, reflecting the negative impact of US trade policies. Analysts had expected a decline to 85 points.

According to Clemens Fuest, President of the Ifo Institute, businesses are facing heightened uncertainty as they brace for potential economic turbulence. The Trump administration’s trade policies are putting pressure on the outlook for Europe’s largest economy. The situation has been further complicated by sector-specific tariffs affecting Germany’s automotive industry.

Earlier this week, the International Monetary Fund (IMF) revised its 2025 GDP forecast for Germany, now predicting stagnation instead of the previously anticipated 0.3% economic growth. Meanwhile, Bundesbank President Joachim Nagel warned of a real recession risk, highlighting the damaging effect of US tariffs.

The German government is set to release updated economic forecasts which, according to Handelsblatt, will also project flat GDP growth for next year.

Period: 19.06.2026 Expectation: 1400 pips
Investing in AUDUSD with 0.72750 in sight
Today at 10:41 AM 13
Period: 26.05.2026 Expectation: 2520 pips
Buying BTCUSD with $79,600 target as rebound odds grow
Today at 09:12 AM 10
Period: 26.05.2026 Expectation: 740 pips
Buying Brent crude with $118.40 target amid rising physical deficit
Today at 07:19 AM 11
Period: 19.06.2026 Expectation: 4500 pips
Invest in Tesla shares up to $450
Today at 06:47 AM 9
Period: 18.06.2026 Expectation: 6140 pips
Selling silver down to $70
Yesterday at 11:30 AM 30
Period: 30.06.2026 Expectation: 4500 pips
Go short on USDJPY with intervention zone in sight
Yesterday at 10:25 AM 37
Go to forecasts