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Fundamental Analysis Posted 1 hour ago

German construction recovery delayed until 2026, growth gradual

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ING forecasts German construction will return to growth in 2026 with further strengthening in 2027, driven by housing and infrastructure, but high costs, labour shortages, and weak non-residential demand will keep expansion slow. EUR/USD traders should monitor this as a headwind to eurozone growth expectations; soft construction outlook weighs on ECB rate-cut narratives and euro resilience amid Fed hawkish repricing.
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