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While it has largely avoided a technical recession, Germany’s economy contracted by 0.3% in 2023 and is set for a 0.2% decline this year. "Sick Man of Europe " Employees took 15 days of sick ...
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 ...
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 ...
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]
As of 2013, Germany is the third-largest exporter and third-largest importer in the world, producing the largest trade surplus as a national economy. The German economy practically stagnated in the beginning of the 2000s. The worst growth figures were achieved in 2002 (+1.4%), in 2003 (+1.0%), and in 2005 (+1.4%). [76]
Germany's balanced budget amendment, also referred to as the debt brake (German: Schuldenbremse), is a fiscal rule enacted in 2009 by the First Merkel cabinet.The law, which is in Article 109, paragraph 3 and Article 115 of the Basic Law, Germany's constitution, is designed to restrict structural budget deficits at the federal level and limit the issuance of government debt.
BERLIN (Reuters) -Chancellor Olaf Scholz will call on Germany's parliament on Monday to declare it has no confidence in him, taking the first formal step towards securing an early national ...
The East German economy also showed strong growth, but not as much as in West Germany, due to the bureaucratic system, emigration of working-age East Germans to West Germany, and materiel sent as reparations to the USSR. Unemployment hit a record low of 0.7–0.8% in 1961–1966 and 1970–1971.