Germany’s Economy Shrank Last Year. Here’s How Politicians Plan to Revive It.
Friedrich Merz, the chancellor candidate for the conservative Christian Democratic Union, acknowledged the need for a “major effort” to revive the economy as his party pledges to return German growth to 2 percent over the next five years through changes to the welfare and tax systems.
Germany hopes its economy, after shrinking for two years, can turn the corner in 2025, but Donald Trump's return to the White House threatens new headaches for Europe's largest economy.
Next week will bring the first estimate of German GDP growth in 2024, and it currently looks as if the economy will have had another year of meagre contraction. German industrial production ...
And for Germany, these concerns are not without merit. The German Economy Ministry’s official forecast for 2024 predicts a 0.2 percent contraction, following a 0.3 percent decline in output the ...
By Jim Tankersley Jim Tankersley, a longtime economic policy correspondent, leads coverage of Germany for The Times. If you are looking for a quick explanation for why Chancellor Olaf Scholz’s ...
Germany is the third-largest economy in the world with a nominal GDP of $4.7 trillion in 2024, as per the estimate of the ...
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