Search results
Results from the WOW.Com Content Network
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 ...
Additionally, the country entered an economic crisis while under leadership of the traffic light coalition, leading to falling approval ratings. [6] In November 2023, Germany's Federal Constitutional Court (Bundesverfassungsgericht) declared parts of the government's budget policy unconstitutional.
Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. Germany’s normally stable government ...
Germany suffers “from a bundle of individual problems,” rather than one major ailment, according to Stefan Kooths, research director at the Kiehl Institute for the World Economy.
What Germans really need to do is work harder, according to Deutsche Bank CEO Christian Sewing. “Let’s just go back to working as hard as the EU average,” he said at a Frankfurt conference ...
Germany is a founding member of the European Union and the eurozone. [26] [27] In 2016, Germany recorded the highest trade surplus in the world, worth $310 billion. [28] This economic result made it the biggest capital exporter globally. [29] Germany is one of the largest exporters globally with $1.81 trillion worth of goods and services ...
Industrial production in Europe’s biggest economy fell 1.5% in June compared with May, driven by a 3.5% drop in Germany’s vast automotive sector. Germany risks falling back into recession as ...
The merging of the former GDR Eastern States, also known as the New Länder, with West Germany's market produced significant economic pressure on the German welfare state [1] Germany's conservative model welfare state was sustainable under the economic conditions of pre-unification but had trouble accommodating the increased costs associated with the integration of infrastructure, migration ...