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The German economic crisis describes 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% ...
The plan would be irreconcilable with Germany's debt brake (Schuldenbremse), which limits annual structural deficits to 0.35% of GDP. On 1 November 2024, Lindner issued an 18-page policy paper, calling for a new economic policy for the coalition. [12]
Germany's government said Wednesday that its economy, Europe's biggest, is on track to shrink for a second consecutive year — underlining the unpopular administration's troubles as it heads into ...
“A lot has been left behind here over the past decades,” Alfred Kammer, IMF's Europe head, said on Germany's lagging economy. IMF sounds the alarm: ‘There can be no productive economy’ in ...
The German Association of Research-Based Pharmaceutical Companies (VFA) says that without the above-average number of sick days, Germany’s economy would have expanded by 0.5% in 2023 rather than ...
Business and economy. German economic crisis. Workers of the German metalworkers' union IG Metall begin a labor strike after failed negotiations with Volkswagen following the closure of three automotive manufacturing plants. Disasters and accidents. Between 56 and 100 people are killed in a crowd crush at a football match in Nzérékoré, Guinea.
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The German economy shrank by 0.3% in 2023. Germany's government said Wednesday that its economy, Europe's biggest, is on track to shrink for a second consecutive year — underlining the unpopular ...