German economy expected to grow by 0.3% in 2025, DIW Berlin says
The DIW had previously expected 0.1% growth for 2025 but it upgraded the forecast due to a better-than-expected first quarter, when the German economy grew by 0.4%.
"The surprisingly dynamic start to the year is likely to spare us from another year of stagnation," said the DIW's chief economist Geraldine Dany-Knedlik.
The economy is expected to gain momentum at the end of the year thanks to a government investment package, the DIW said in its report.
Germany's parliament approved plans for a massive spending surge in March, including a 500-billion-euro ($577 billion) infrastructure fund and largely removing defence investment from rules that cap borrowing.
The investment package and improved financing conditions are likely to give the economy a noticeable boost, while U.S. trade policy burdens German foreign trade and the global economy, the institute said.
The German economy is expected to grow by 1.7% next year, according to the DIW Berlin, up from a previous forecast of 1.1%.
($1 = 0.8660 euros)
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Daily Mail
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Which EVs have been discounted by the Government? Every model that qualifies for the Electric Car Grant
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And car makers have to apply for grants, which has resulted in huge delays announcing qualifying cars as Government bean counters determine which models will be subsidised. Here's a full list of every electric car that's qualified for the grant to date... What is the electric car grant? The ECG is backed by a £650million scheme that's due to run until 2028-29. It offers buyers money off new all-electric models that are sustainably manufactured and priced at – or under – £37,000. But the grant differs to the previous scheme under Tory leadership from 2011 to 2022 - one because it only supports the greenest EVs. Once the Department for Transport deems if a vehicle qualifies at all, it then has to determine the band based on the car's 'sustainability criteria'. This includes the emissions produced during the battery's manufacturing, the vehicle's assembly, and the carbon intensity of the electric grids in the countries where the car is made. A certain threshold (which has not been confirmed by the DfT) needs to be met to qualify as a 'Band 1' model and the full £3,750 subsidy. Models failing to meet this benchmark will be deemed 'Band 2' and only receive a £1,500 discount. Which models qualify for the Electric Car Grant? Due to the prolonged application and review process, the Government has in recent weeks been releasing details of which EV models are eligible in drips and drabs. It says it is doing so 'as fast as it can'. This, however, has created a lot of waiting, uncertainty and frustration. It took over three weeks for the first four eligible models from Citroen to be announced, but the numbers have continued to rise since. Below is the list of every manufacturer and model that's been given the green light for the ECG. Alpine Models eligible: Band 2 £1,500: A290 French performance brand Alpine has just one model in the Government's ECG list; the A290 electric hot hatch. The sporty city car has qualified for the £1,500 grant, meaning the compact EV now starts from £32,000. Despite being listed under 'Renault Alpine' in the Government's list, Alpine is a separate brand to Renault, although it is owned by the French car making giant. It serves as the Group's performance and motorsport brand, and develops its own technologies. Citroen Models eligible: Band 2 £1,500: e-C3 and e-C3 Aircross, e-C4 and e-C4 X, e-C5 Aircross, e-Berlingo Citroen was the first manufacturer to be awarded the grant, with four models passing the lower band (2): The e-C3, e-C4, e-C5 and e-Berlingo van all have £1,500 discounted from their OTR. With the £1,500 ECG applied, the new e-C3 is now available from £20,595, the new e-C3 Aircross starts at £21,595, and the New e-C5 Aircross can be acquired from £32,565. The e-Berlingo (M versions only) van will now cost from £29,740. 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Peugeot Models eligible: Band 2 £1,500: e-208, e-2008, e-308, e-Rifter French manufacturer Peugeot has three models in the lower Electric Car Grant: the e-208, e-2008 and e-Rifter MPV. The new e-208 is now available from £28,595, the new e-2008 from £32,195 and the new e-Rifter from £30,850, due to the £1,500 discount. Renault Models eligible: Band 2 £1,500: Renault 4, Renault 5, Renault Megane, Renault Scenic Renault has seen its Megane, Scenic, R4 (pictured) and R5 EVs all receive the £1,500 discount Renault's Alpine A290, Megane, Scenic, R4 and R5 EVs all receive the £1,500 discount, bringing the R5 down to £21,495 for the entry-level version and £25,495 for the R4 entry-level. The Megane costs from £30,995 and the Scenic E-Tech from £35,495. Renault has confirmed that the new ECG will be applied to all orders taken from 16 July, backdating the discount to customers who bought any of the eligible models from that date. Vauxhall Models eligible: Band 2 £1,500: Astra Electric, Combo Life Electric, Corsa Electric, Frontera Electric, Grandland Electric, Mokka Electric Vauxhall's entire EV range has been awarded the Band 2 £1,500 discount, with all models now costing less than £37,000. This includes the Mokka Electric (pictured) Vauxhall has had its whole electric range confirmed for Band 2, which sees the Corsa Electric, Combo Life Electric, Astra Electric, Mokka Electric, Frontera Electric and Grandland Electric all reduced by £1,500. The Vauxhall's Frontera Electric family SUV starts from £22,495 OTR, while the popular Corsa Electric is available from £26,005. The Mokka Electric starts from £31,005, while the Astra Electric and Astra Sports Tourer now start from £33,505 and £34,705, respectively. The Grandland Electric is the most expensive with the grant applied costing £35,455. 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Every model available for ECG BAND 1 - £3,750 n/a BAND 2 - £1,500 Alpine A290 Citroen e-C3 and Citroen e-C3 Aircross Citroen e-C4 and Citroen e-C4 X Citroen e-C5 Aircross Citroen e-Berlingo Cupra Born Nissan Ariya Nissan Micra Peugeot e-208 Peugeot e-2008 Peugeot e-Rifter Renault 4 Renault 5 Renault Megane Renault Scenic Vauxhall Astra Electric Vauxhall Combo Life Electric Vauxhall Corsa Electric Vauxhall Frontera Electric Vauxhall Grandland Electric Vauxhall Mokka Electric Volkswagen ID.3
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Reuters
18 minutes ago
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UK factories report new downturn and weak outlook, CBI says
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