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Germany’s economy, the largest in Europe, contracted for the second year in a row in 2024, official data showed Wednesday, underscoring the challenges facing the region as it tries to get ...
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 ...
German Economy and Climate Minister Robert Habeck shows a cardboard with the development of nominal wages and real wages as well as inflation during a news conference of Germany's economy ...
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 ...
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 ...
Holger Schmieding, the economist who first called Germany the “sick man of Europe” in 1998, thinks the “current wave of pessimism” over its economy is overdone.
[9] [10] The bad state election results for the traffic light coalition parties were seen by many as reflecting dissatisfaction with their performance at the federal level. [ 11 ] In October 2024, Robert Habeck , Minister for Economic Affairs and Climate Action and member of The Greens, proposed a debt-financed fund to promote investment by ...
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