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The 2021 German federal election resulted in the Social Democratic Party (SPD) emerging as the strongest party in the Bundestag, with 25.71% of the vote (206 seats out of 736). The SPD reached an agreement to form a ruling coalition with The Greens (118 seats) and the FDP (91 seats), with SPD leader Olaf Scholz as federal chancellor.
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 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 ...
So much so the International Monetary Fund expects the country to be the only advanced economy to shrink this year — with a forecast contraction of 0.3% compared with an average rise of 0.9% for ...
BERLIN (Reuters) -Germany's main political parties were unveiling their manifestos on Tuesday, offering competing visions to lift Europe's largest economy out of the doldrums while fighting off a ...
The Joint Economic Forecast (Gemeinschaftsdiagnose, GD) is a semiannual report that aims to analyze the German and the world economy, while also providing in-depth policy recommendations for the German Federal Government. Each publication comprises a projection for the current and following years, along with a special study of varying topics.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1] The figures are given or expressed in Millions of International Dollars at current prices.
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