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The Federation of German Industries (BDI) forecasts the German economy to contract by 0.1% in 2025. That would follow a 0.2% decline in 2024 and a 0.3% contraction in 2023. ... In Other News.
German Chancellor Olaf Scholz on Sunday said it was important not to divide the world with new trade barriers, as everyone benefits from globalisation, after U.S. President Donald Trump imposed ...
On Sunday, during a visit to Sir Keir Starmer’s country estate, German chancellor Olaf Scholz said the bloc has "scope for action" as a major economic power, when asked about possible ...
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 ...
Additionally, the country entered an economic crisis while under leadership of the traffic light coalition, leading to falling approval ratings. [6] In November 2023, Germany's Federal Constitutional Court (Bundesverfassungsgericht) declared parts of the government's budget policy unconstitutional.
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 ...
EFTA was historically one of the two dominant western European trade blocs, but is now much smaller and closely associated with its historical competitor, the European Union. It was established on 3 May 1960 to serve as an alternative trade bloc for those European states that were unable or unwilling to join the then European Economic Community ...
The German economy, Europe's largest, also shrank for all of 2024 by 0.2%, the second straight year of declining output. And the outlook for this year isn't much better.