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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 ...
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% ...
“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 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 ...
21 August – Germany's central bank announces the country's economy will be stagnant in the third quarter, due to high energy prices and rising borrowing costs. [37] 23 August – Germany passes legislation to ease citizenship rules, aiming to reduce a shortage of skilled workers and to improve the integration of immigrants. [38]
Slowing economic growth in China, until recently Germany’s second-biggest export market, has crimped demand for goods, and fundamental shifts in the Chinese economy mean that demand may not ...
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]
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 ...
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