Analysts question Germany's role as the economic engine of Europe, predicting a budget expansion with a growing deficit and modest growth.

The increase in defense orders and investments in infrastructure does not immediately reflect in production. Moreover, the budget expansion will lead to a larger deficit, and the additional spending on health and pensions, although important, will not significantly boost the economy. According to recent forecasts, Germany will only register modest growth, and the fiscal stimulus could contribute about 0.3 percentage points to this development. At the eurozone level, the dynamics will also be influenced by other factors, such as the ECB's interest rate cuts and positive prospects from Spain.