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The German economic crisis describes 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% ...
The collapse of Germany's governing coalition and President-elect Donald Trump's imminent return to the White House are creating new risks for the European Union's biggest economy, already in a ...
“A lot has been left behind here over the past decades,” Alfred Kammer, IMF's Europe head, said on Germany's lagging economy. IMF sounds the alarm: ‘There can be no productive economy’ in ...
The fallout has left Germany projected to be the worst-performing major economy this year, shrinking by 0.5%, according to the International Monetary Fund. Prospects for next year are only a ...
A poll taken by German public broadcaster ARD found that 65% of those surveyed favoured immediate elections. [ 21 ] 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 ...
21 August – Germany's central bank announces the country's economy will be stagnant in the third quarter, due to high energy prices and rising borrowing costs. [37] 23 August – Germany passes legislation to ease citizenship rules, aiming to reduce a shortage of skilled workers and to improve the integration of immigrants. [38]
Germany went on to cast off that moniker, partly by introducing labor market reforms, and its exports and economy boomed in the decade following the 2008 global financial crisis — fueled by ...
Germany's opposition conservatives urged Chancellor Olaf Scholz to allow a vote of confidence immediately and hold elections in January, the day after his rocky three-way coalition collapsed and ...