[German Institute for Economic Research: Germany’s economic growth momentum will slow down in the second half of the year] September 20th, the German Institute for Economic Research released its autumn economic forecast on September 20, significantly raising Germany’s 2026 economic growth forecast to 1.2% from the previous 0.4%. The institute said the upward revision was mainly due to strong economic growth in the first half of this year. However, the German Economic Research Institute predicts that "growth momentum will slow down again in the second half of 2026." The reasons are that special export preferential policies will expire, high energy prices will inhibit private consumption, and the crisis in the construction industry, which is mainly driven by government investment, will persist. The institute expects the German economy to grow by just under 1% in 2027. The agency also warned that factors such as the Russia-Ukraine conflict, the situation in the Middle East, international trade conflicts, and declining water levels in major European rivers may have a negative impact on the German economy. (CCTV News)