Germany, Economy

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 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.
German economy contracts for second consecutive year in 2024
Germany's economy contracted for the second consecutive year in 2024, highlighting the depth of the downturn gripping Europe's biggest economy. Germany's economy shrank by 0.2% over the full year - in line with economists' forecasts - and by 0.
German economy shrinks for second successive year
The German economy has shrunk for the second year in a row, posing a threat to Chancellor Olaf Scholz ahead of next month’s snap election.
Germany's economy shrinks for the second consecutive year
Germany's economy has contracted for the second year in a row—the first time this has happened in over 20 years—as the country prepares to vote next month to either elect a new chancellor or keep Olaf Scholz in office.
Germany’s economy shrank for the second consecutive year in 2024
Germany’s 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 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.
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