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The Federation of German Industries (BDI) forecasts the German economy to contract by 0.1% in 2025. That would follow a 0.2% decline in 2024 and a 0.3% contraction in 2023.
The new forecast that gross domestic product will shrink by 0.2% this year compares with the government's prediction in April of 0.3% growth and brings it into line with economists, who also have ...
BERLIN (AP) — Germany's economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country's traditional exports of cars ...
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 ...
The Joint Economic Forecast (Gemeinschaftsdiagnose, GD) is a semiannual report that aims to analyze the German and the world economy, while also providing in-depth policy recommendations for the German Federal Government. Each publication comprises a projection for the current and following years, along with a special study of varying topics.
In April 2024, a report by the German Economic Institute revealed that despite attempts to expand into other markets, the German economy remains heavily reliant on China for various products and raw materials. [94] During 2024, the German economy experienced its second consecutive year of contraction.
The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much ...
New economic forecasts are produced and distributed by the Institute every quarter. Each edition provides updated economic information that is vital to the academic, government and business communities. [5] The Institute serves as a single point of contact between commerce and government with economic information resources.