German Q2 growth outpaces forecasts despite Iran-war energy shock
Revised data show Germany's second-quarter GDP expanded faster than expected, easing worries that higher energy costs from the Iran conflict would stall the economy.
The latest figures indicate the German economy grew at a rate above earlier estimates in Q2, countering fears that rising energy prices linked to the Iran war would derail growth. Analysts point to weaker Asian rivals, hit by disrupted trade through the Strait of Hormuz, as a contributing factor. Still, firms confront growing competition from China, and Volkswagen’s chief executive will unveil cost-saving measures amid union concerns that up to 140,000 jobs could be affected.
Why it matters
Germany's stronger-than-expected growth signals resilience in Europe's largest economy amid global energy and trade disruptions.
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