Search results
Results from the WOW.Com Content Network
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 ...
Germany has been paying for its past reliance on cheap Russian oil and gas, which has been virtually wiped out in the wake of tit-for-tat sanctions following Vladimir Putin’s invasion of Ukraine.
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]
The 20% tariffs on Europe signalled by Trump during his campaign could lead Germany's export-dependent economy to shrink as much as 1.5% in 2027 and 2028, a report by German economic institute IW ...
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 ...
BERLIN (Reuters) -A German court ruling that wiped billions from the federal budget could drag down growth by as much as half a percentage point next year in Europe's biggest economy, an economy ...