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  • Germany’s government will use fiscal policy to lower prices for consumers and firms next year. 
  • A subsidy to lower electricity prices for energy- intensive industry should lift output in early 2026. 
  • Germany is set to spend 0.3-to-0.4% of GDP on lower energy prices for consumers and firms.

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Keywords for: 19 November 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence