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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 ...
Germany’s economy, the largest in Europe, contracted for the second year in a row in 2024, official data showed Wednesday, underscoring the challenges facing the region as it tries to get ...
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 ...
German Chancellor Olaf Scholz on Friday promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year and threatened to disrupt ...
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 ...
Business and economy. German economic crisis. Verdi, Germany's second-largest trade union, calls for a one-day labor strike for workers at logistics and courier company DHL, which also manages Deutsche Post. Disasters and accidents. Air Busan Flight 391
[9] [10] The bad state election results for the traffic light coalition parties were seen by many as reflecting dissatisfaction with their performance at the federal level. [ 11 ] In October 2024, Robert Habeck , Minister for Economic Affairs and Climate Action and member of The Greens, proposed a debt-financed fund to promote investment by ...
For years afterward, Germany balanced its budget or even ran small surpluses as the economy lived large on cheap Russian natural gas and booming exports of luxury cars and industrial machinery ...