According to CoinMeta, the German Independent Economic Advisory Committee stated on Wednesday that driven by large-scale government spending and unexpectedly strong export performance, Germany's economic growth rate in 2026 is expected to reach 1.3%, higher than the 0.5% predicted in May. The economic growth forecast for 2027 has also been raised from 0.8% to 1%. The committee warned that an expanding budget deficit still poses a risk. The improved economic prospects bring some relief to German Chancellor Angela Merkel and Finance Minister Olaf Scholz. Merkel said in Berlin that the improved economic outlook is good news for German businesses and families. Joachim Nagel, President of the German Central Bank, also noted that Germany's economic recovery is faster than expected a few months ago, but the government still needs to advance structural reforms to ensure long-term growth.