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Commerzbank: Germany faces growing risk of recession

Commerzbank: Germany faces growing risk of recession

金十金十2026/04/24 09:38
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Golden Ten Data reported on April 24 that Commerzbank analyst Jörg Krämer pointed out in a report that the Iran war has put enormous pressure on the German economy. In April, the IFO Business Climate Index fell sharply to 84.4, compared to 86.3 a month earlier. High energy prices have severely damaged market confidence and economic activity. Commerzbank has lowered its forecast for German economic growth in 2026 to 0.6%, or just 0.3% when adjusted for working days. Krämer stated: "For every day of interrupted oil transport through the Strait of Hormuz, the risk of recession continues to increase." He also added that although the German government has introduced strong fiscal stimulus measures, the lack of broad-based reforms, the ongoing negative impact of U.S. tariffs, and the energy shock have largely offset the effects of these measures.
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