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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 ...
One of Germany's traditionally strongest (and at the same time oldest) economic regions is the Ruhr area in the west, between Duisburg and Dortmund. 27 of the country's 100 largest companies are located there. In recent years, however, the area, whose economy is based on natural resources and heavy industry, has seen a substantial rise in ...
Current economic and structural data, forecasts and advice as well as services in the area of quantitative economics are provided to decision makers in economics and policy and the broad public. Furthermore, the research results often meet with a major response in the news media.
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 ...
IWH is one of the leading economic research institutes in Germany that, twice a year (in spring and autumn), submit a joint report on the state of the German economy, the so-called Gemeinschaftsdiagnose (Joint Economic Forecast). IWH participated for the first time in spring 1993. [4]