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Germany, as Europe's largest economy, has faced a challenging period in recent years. The impact of soaring energy costs, structural obstacles, and slowing growth in China has weighed on the ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
Germany's economy shrank 0.3% last year as Europe's former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labor and a homegrown budget crisis. Europe's ...
Many European countries are facing an aging workforce—but in Germany's case, that's adding to the long list of woes dragging its economy down.
Germany issues an indefinite ban on requesting or providing new military aid to Ukraine that has not already been approved in order to reduce federal budget spending. The moratorium results in a "tangible dispute" within the Scholz coalition government. [90] Four convicts escape in a prison break at a psychiatric hospital in Straubing, Bavaria.
In 2020, it was the third largest oil producer in the world, behind the United States and Saudi Arabia, with 60% of its oil exports going to Europe. [ 17 ] [ 18 ] Russia is traditionally the world's second-largest producer of natural gas, behind the United States, and has the world's largest gas reserves and is the world's largest gas exporter.
BERLIN (Reuters) -The German government on Wednesday cut its growth forecast for this year to 2.6% but raised its estimate for next year to 4.1% as supply bottlenecks for semiconductors and rising ...
2011 Germany E. coli O104:H4 outbreak (May–June) Thousands of protesters hold demonstrations in Belgrade, Serbia against the arrest of Ratko Mladić (26 May). 2011 Portuguese anti-austerity movement (12 March) Nationwide protests across Spain (May–) Anti-cuts protest in London (26 March) Refugees of the 2011 Libyan civil war (2011–2013)