Germany returning to growth after three years of recession: Chancellor

German Chancellor Friedrich Merz on Wednesday said that the country was returning to economic growth after three years of recession, pledging a renewed focus on expanding the economy.
Mr Merz made the remarks after a two-day cabinet retreat at Neuhardenberg Castle in Brandenburg, expressing confidence in Germany’s economic prospects.
“We have three years of recession behind us, and now we are growing again,” Mr Merz said, stressing the need for a stronger focus on economic growth.
He said Germany was entering the remaining months of 2026 with “energy” and confidence, expressing optimism about further economic progress.
Germany’s economy has experienced prolonged weakness, with minimal growth expected this year amid the impact of the Iran war and rising oil and gas prices.
Recent indicators, however, have pointed to an improvement, with Germany’s Ifo business climate index recording another rise in August.
The economy grew by 0.3 per cent between April and June compared with the previous quarter, according to the Federal Statistical Office.
Mr Merz said the cabinet retreat focused on innovation and competitiveness, particularly the use of artificial intelligence (AI) across key sectors.
He identified industry, skilled trades, small and medium-sized businesses, defence and medicine as areas where Germany could benefit significantly from AI.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Heading 2
Enugu secures $200 million solar investment to boost electricity supply
Mr Mbah pledged the state government’s support in removing institutional bottlenecks that could delay the project.

Heading 5
FAAN announces temporary closure of Owerri airport runway for repairs
According to Mr Agbebire, the closure was tentatively scheduled to last about 25 days.

States
Police nab three suspects over alleged murder of 65-year-old woman accused of witchcraft in Niger
The command’s spokesperson said the incident occurred on Saturday.

Health
Lassa Fever: Nigeria records 1,115 cases, 263 deaths in 24 states
The agency urged healthcare workers and the public to maintain appropriate preventive measures.

Heading 2
Police nab 47 suspects for thuggery, drug peddling in Kano
Mr Haruna-Kiyawa stated that large quantities of illicit substances and dangerous weapons were recovered from the suspects.

Heading 5
Number of votes Tinubu gets in 2027 will show number of mad people in Nigeria: Rotimi Amaechi
Mr Amaechi had recently blamed the economic hardship under Mr Tinubu for the deaths of many Nigerians, including his mother.





