PitchBook：2025年4季度德国市场快照（英文版）

In 2025, German GDP growth was 0.2%, tipping back to growth after contractions in 2023 and 2024. Economic growth in Europe’s largest economy has been precarious in recent years, with exports facing tariffs, productivity concerns, and stuttering employment rates. The Consumer Price Index inflation rate in Germany was 1.8% in December 2025 and 2.2% on an annual average basis in 2025 compared with 2024. With inflation easing towards target rates, monetary policymakers could be eyeing further int