Germany’s Economy Contracts for Second Straight Year as Tariff Threat Looms
The weakness underlines the challenge that will face a new government in Berlin following elections in February, including the possibility of fresh Trump tariffs.
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's Economy Shrinks for Second Year
Germany's economy shrunk for a second consecutive year in 2024, continuing its struggle with internal and external challenges.
Germany’s economy shrinks again amid tariff tensions
Germany’s economy is tanking—again. For the second year in a row, Europe’s largest economy is officially in decline, shrinking by 0.2% in 2024 after a 0.3% contraction in 2023. This is the first time since 2003 that Germany has suffered back-to-back GDP drops.
Germany’s economy shrank for the second consecutive year in 2024
The German economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery.
Germany's Economy Contracts for Second Straight Year as Tariff Threat Looms -- 2nd Update
Economic output in Europe's largest economy sank 0.2% last year after it declined 0.3% in 2023, the first two-year contraction since 2003, according to Germany's federal statistics agency Destatis on Wednesday.
German Economy Shrinks for Second Year in New Blow to Scholz
Germany’s economy shrank for a second consecutive year in 2024 and is unlikely to grow much in 2025, laying bare the challenge for the country’s new government once snap elections are held in February.
German Economy Shrinks Again Amid Political Crisis
Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.
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