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Germany's credit rating by credit rating agencies Standard & Poor's, Moody's, and Fitch Ratings stands at the highest possible rating AAA with a stable outlook in 2016. [140] Germany's "debt clock" (Schuldenuhr) reversed for the first time in 20 years in January 2018. It is now currently increasing at 10,424.00 per second (October 2020).
Germany’s challenges span the structural and cyclical, domestic and geopolitical, creating a perfect storm for the country’s economy that most economists see little way out of in the short run.
Germany grew complacent during a “golden decade” of economic growth in 2010-2020 based on reforms under Chancellor Gerhard Schroeder in 2003-2005 that lowered labor costs and increased ...
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 ...
In his book The Economic Consequences of the Peace, [75] Keynes said the treaty was a "Carthaginian peace", a misguided attempt to destroy Germany on behalf of French revanchism, rather than to follow the fairer principles for a lasting peace set out in President Woodrow Wilson's Fourteen Points, which Germany had accepted at the armistice.
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 ...
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 ...
Holger Schmieding, the economist who first called Germany the “sick man of Europe” in 1998, thinks the “current wave of pessimism” over its economy is overdone.