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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 Association of Research-Based Pharmaceutical Companies (VFA) says that without the above-average number of sick days, Germany’s economy would have expanded by 0.5% in 2023 rather than ...
On 1 November 2024, Lindner issued an 18-page policy paper, calling for a new economic policy for the coalition. [11] Lindner called for halting new regulations, introducing new tax cuts, and cutting public spending, including on action against climate change, in order to solve the country's economic crisis. [12]
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 main political parties will unveil their manifestos on Tuesday, offering competing visions to lift Europe's largest economy out of the doldrums while fighting off a far-right surge ahead ...
The year 1989 was the last year of the West German economy as a separate and separable institution. From 1990 the positive and negative distortions generated by German reunification set in, and the West German economy began to reorient itself toward economic and political union with what had been East Germany. The economy turned gradually and ...
The German economy shrank by 0.3% in 2023. ... said that the German economy hasn't seen powerful growth since 2018 as the country's structural problems have been joined by wider global challenges. ...
In October 2023, Economy Minister Robert Habeck called for more immigration to Germany, saying the shortage of skilled workers was the country's "most pressing structural problem". [170] Net immigration to Germany was 663,000 in 2023, down from a record 1,462,000 in 2022.