[ad_1] The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe’s export giant. Output…
Tag: German economy
What are the biggest challenges facing the German economy in 2024?
[ad_1] As we enter 2024, Europe’s largest economy is expected to continue to deal with the fallout of its recent economic crisis. Euronews Business highlights five key challenges for the…
German inflation rises to 3.7% in December due to energy prices
[ad_1] Germany’s inflation rate increased to 3.7% YoY in December, up from 3.2% in November, mainly due to a 4.1% rise in energy prices influenced by a government subsidy. Food…
German unemployment at highest rate in more than two years
[ad_1] Europe’s biggest economy is losing momentum and it’s dragging down the labour market too, latest data shows. ADVERTISEMENT Germany’s unemployment reached 5.9% in November, up from October’s 5.8%, according to…
How Germany lost its reputation as the economic envy of the world
[ad_1] The loss of cheap gas from Russia played a part, but decisions in the boom years are now being questioned. ADVERTISEMENT For most of this century, Germany racked up…
German GDP stagnation confirmed as inflation weighs
[ad_1] Germany’s economy stagnated in the second quarter, final official data confirmed Friday, adding to a bleak outlook as the country battles an industrial slowdown and stubborn inflation. Europe’s biggest…
Why has Germany gone into recession?
[ad_1] Analysts worry the German economy could become “the black sheep of Europe”. ADVERTISEMENT Germany fell into recession in the first quarter of 2023, putting Europe’s largest economy out of…
German inflation fall boosts hope of European Central Bank rate cut
[ad_1] Inflation in Germany eased more than expected in November, according to official data released on Friday. ADVERTISEMENT Prices in Europe’s largest economy are increasing at the slowest rate seen…
Germany’s GDP shrinks by 0.3% in first quarter to put Europe’s biggest economy into recession
[ad_1] News Business Economy Germany’s GDP shrinks by 0.3% in first quarter to put Europe’s biggest economy into recession Premium New figures show the German economy suffered an unexpected dip…
Recession 2023: Germany enters recession: What went wrong with Europe’s largest economy?
[ad_1] Germany’s economy, the world’s fourth-largest, shrank marginally in the first quarter of 2023 compared to the previous three months, thereby entering a technical recession, data showed on Thursday. According…