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Germany's credit rating by credit rating agencies Standard & Poor's, Moody's, and Fitch Ratings stands at the highest possible rating AAA with a stable outlook in 2016. [140] Germany's "debt clock" (Schuldenuhr) reversed for the first time in 20 years in January 2018. It is now currently increasing at 10,424.00 per second (October 2020).
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 ...
Jens Eisenschmidt, Morgan Stanley’s chief Europe economist, pointed out external demand had always been a key driver of Germany’s economy, but the current global trading environment was less ...
The collapse of Germany's governing coalition and President-elect Donald Trump's imminent return to the White House are creating new risks for the European Union's biggest economy, already in a ...
The collapse of Germany's government could have a silver lining for the euro zone's ailing economy with potentially higher spending likely to support its currency and stock markets, even if the ...
The German economy shrank by 0.3% in 2023. The government forecast growth of 1.1% next year and 1.6% in 2025. Vice Chancellor Robert Habeck, who is also the economy minister, said that the German economy hasn't seen powerful growth since 2018 as the country's own structural problems have been joined by wider global challenges.
However, Bundesbank’s Nagel has a point when he flags Europe’s own struggles. The EU and eurozone economies grew at a measly 0.5% last year, a fifth of the U.S.’s 2.5% growth in 2023.
Germany grew complacent during a “golden decade” of economic growth in 2010-2020 based on reforms under Chancellor Gerhard Schroeder in 2003-2005 that lowered labor costs and increased ...