Germany Could Grow 1% This Year, Bundesbank Chief Says

06:36 PM EDT, 10/02/2026 (MT Newswires) -- Germany's economy could grow about 1% this year after three years of stagnation, Bundesbank President Joachim Nagel said, Bloomberg reported Friday. Nagel said the economy performed better than expected in the first half and is on a recovery path despite tariff pressures and the Middle East conflict, citing robust export demand and government investment as key drivers of the stronger outlook. He said the recovery should be accompanied by efforts to strengthen Germany's longer-term growth drivers. Nagel's estimate is below the 1.3% forecast from Germany's leading economic institutes but above the Bundesbank's June forecast of 0.5%.