German growth forecast more than doubles as economy rebounds

The growth forecast for 2027 has also been raised, to 1.0 percent from 0.8 percent.

However, in their report, the council’s economists warn that Germany’s growing budget deficit poses a risk. The deficit is growing as a result of defense spending, rising interest costs and increasingly expensive welfare programs.

Earlier on Wednesday, Joachim Nagel, head of the German central bank - part of the European Central Bank system - also said that the German economy looks stronger now than it did just a few months ago.