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Germany's economy contracted for the second consecutive year in 2024, continuing its struggle with a series of internal and external challenges.
The German economy has become less and less competitive. A decisive factor was Russia's invasion of Ukraine in 2022 and the halt to Russian gas supplies.
In the big picture, it’s impossible to miss Germany’s struggles. Start with growth, which helped make Germany the world’s third-largest economy but has only cracked 2 percent per year once ...
German Finance Minister Lars Klingbeil emphasizes the need to reinvigorate the German economy through strategic investments ...
Germany suffered the steepest decline in business activity for more than three years this month, according to survey data published Wednesday, stoking fears that Europe’s biggest economy is ...
This chart shows the countries with the highest GDP on Earth in 1993, 2008 and 2023. Statista. As seen in International Monetary Fund data, Japan was the world's second-largest economy behind the ...
BERLIN, Nov 24 (Reuters) - Germany's economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday.
Germany's economy will grow by an underwhelming 0.7% next year, down from March's 1.3% projection, according to Berlin's panel of independent economic advisers.
Germany's economy is expected to contract by 0.2% in 2024, the economy ministry said on Wednesday, which is likely to make it for the second year running the only member of the Group of Seven ...