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A poll taken by German public broadcaster ARD found that 65% of those surveyed favoured immediate elections. [ 23 ] On 8 November, Ruth Brand, the Federal Returning Officer responsible for organising the election, raised concerns about an election date in January, deeming it administratively difficult to organise the election by then, because ...
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 has become a rare punching back for the rest of Europe, as crippling production levels, falling exports, and waning consumer confidence put the brakes on the continent’s largest economy.
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 ...
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 ...
Germany suffers “from a bundle of individual problems,” rather than one major ailment, according to Stefan Kooths, research director at the Kiehl Institute for the World Economy.
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.
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 ...