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“A second term in office for Donald Trump in the U.S., with the expected new trade tensions, will hit the German economy, which has 10% of its exports going into the U.S.," Brzeski said in a ...
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 20% tariffs on Europe signalled by Trump during his campaign could lead Germany's export-dependent economy to shrink as much as 1.5% in 2027 and 2028, a report by German economic institute IW ...
Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic. The outlook isn’t much brighter: The International Monetary Fund sees zero economic growth this ...
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 ...
[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 ...
A report by German economic institute IW - provided exclusively to Reuters - found that in a scenario where a Trump administration imposed tariffs of 20% on the EU, and the bloc retaliated in kind ...
On 9 March, the first COVID-19 deaths in Germany, an 89-year-old woman in Essen and a 78-year-old man in Heinsberg, were reported. [8] By the evening of 10 March, the count of cases in the state rose to 648. [137] All mass events in North Rhine-Westphalia with more than 1000 participants were banned with immediate effect. [138]