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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 ...
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 ...
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’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 ...
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.
As of 2013, Germany is the third-largest exporter and third-largest importer in the world, producing the largest trade surplus as a national economy. The German economy practically stagnated in the beginning of the 2000s. The worst growth figures were achieved in 2002 (+1.4%), in 2003 (+1.0%), and in 2005 (+1.4%). [76]
HANGZHOU, China (Reuters) -German Economy Minister Robert Habeck said on Sunday that China was indispensable to achieving global climate goals and must find a safe alternative to coal, which ...
The number of farms decreased steadily in West Germany, from 1.6 million in 1950 to 630,000 in 1990. In East Germany, where farms were collectivized under the socialist regime in the 1960s, there had been about 5,100 agricultural production collectives, with an average of 4,100 hectares under cultivation. Since unification, about three-quarters ...