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.
The weakness underlines the challenge that will face a new government in Berlin following elections in February, including ...
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 ...
Like so many other Western nations in the post-pandemic era, Germany is afflicted with economic malaise, the sort that gives rise to populist revolts at the ballot box and empowers political ...
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 International Monetary Fund. Its population is 84 million. The fourth ...
The German economy remains in recession ... While the industrial sector is grappling with high energy prices. Germany's all-important automotive industry is struggling amid a transition to ...
Economic output in Europe's largest economy fell 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 ...
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