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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 credit rating by credit rating agencies Standard & Poor's, Moody's, and Fitch Ratings stands at the highest possible rating AAA with a stable outlook in 2016. [144] Germany's "debt clock" (Schuldenuhr) reversed for the first time in 20 years in January 2018. It is now currently increasing at 10,424.00 per second (October 2020).
This is a sortable list of all European countries by their gross domestic product in billions of US dollars at market or official government exchange rates (nominal GDP), according to the International Monetary Fund. The economic and political map of Europe also includes: Turkey, Georgia, Armenia, Azerbaijan, Cyprus and Kosovo.
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
So much so the International Monetary Fund expects the country to be the only advanced economy to shrink this year — with a forecast contraction of 0.3% compared with an average rise of 0.9% for ...
Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic, official data showed Monday, increasing the risk of an economic contraction in the wider euro area.
The German economy shrank by 0.3% in 2023. The government forecast growth of 1.1% next year and 1.6% in 2026. Vice Chancellor Robert Habeck, who is also the economy minister, said that the German economy hasn't seen powerful growth since 2018 as the country's structural problems have been joined by wider global challenges.
Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.