German exports to US drop substantially as global trade shifts
Germany’s exports to the US have slumped, according to the latest data by the Federal Statistical Office (Destatis).
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German economy
Popular articles tagged "German economy"
OECD surprises with predicted return of Germany as Europe’s growth motor
In its new economic outlook, the Organisation for Economic Co-operation and Development (OECD), an international NGO comprising 38 primarily Western countries, has…
Germany’s Conservative-led government extends rent controls until end of 2029
Germany has prolonged contentious rent control regulations until at least December 31, 2029.
Collapse in number of new builds in Germany fuels fears of worsening housing shortage
New apartment construction in Germany has collapsed since 2024, new data show. Higher interest rates and higher construction costs were behind the collapse.
German steel giant Thyssenkrupp sees profits tumble
German steel major Thyssenkrupp released disappointing quarterly results May 15 on the foot of weak European steel demand.
Median German household wealth drops by 15 per cent, says central bank
The median net worth of a German household has dropped from €90,500 in 2021 to €76,000 in 2023, after adjusting for inflation.
Collapsed German inner-city bridge may take 10 years to rebuild
An important inner-city bridge in Dresden, Germany, that unexpectedly collapsed late last autumn will probably not be rebuilt before 2035 – despite earlier claims…
Goodbye, now-former German chancellor Scholz!
Olaf Scholz’s tenure as chancellor of Germany has come to a close.
‘I was there in 1962’: a reader remembers the start of the German economic miracle
In the early 1960s I had a stroke of luck. Through a Fulbright scholarship in mathematics, I was given the opportunity to study at the University of Freiburg.
German defence industry applauds new coalition agreement, but most others are unimpressed
Representatives of Germany’s private sector are doubtful about whether the incoming government would be able to revive the country’s languishing economy.
Germany’s CDU youth question leader Merz as SPD coalition deal nears
Germany's Christian Democratic Union (CDU) leader Friedrich Merz and the centre-left Social Democratic Party have prepared to finalise their government coalition…
Situation ‘alarming’: Germany lost 120,000 jobs in manufacturing sector in 2024
In its latest job report on March 31, Germany's Federal Employment Agency (BA), announced that German industry lost around 120,000 jobs in the last 12 months.
German business demands CDU and SPD coalition talks focus more on economy
Representatives of more than 60 German business associations have signed a joint letter to the leadership of the German Conservative Christian Democratic Union (CDU)…
Eurozone sees business activity hit seven-month high
Eurozone business activity grew at its fastest pace in seven months in March, supported by an easing in the long-running manufacturing downturn despite slower growth…
Losses for German automotive supplier ZF top €1bn
German automotive supplier ZF has endured a brutal 2024 and reported yearly losses of more than €1 billion.
Germany, better to dream of Bismarck, shake off the Greens and SPD
From all indications, the proposed fiscal agreement in Germany between the Christian Democrats (CDU-CSU) and the Social Democrats (SPD) and the Greens is an inadequate…
Germany’s Greens may refuse to back Merz in threat to massive debt plans
Germany's Greens may refuse to back plans by likely next chancellor Friedrich Merz for a massive increase in state borrowing with a party source, on March 10, warning…
Passenger misery ahead: Almost all German airports to be hit by strikes
Almost all of Germany's airports will be hit by a 24-hour strike after trade union Verdi called for employees in the public sector and ground handling to walk…
German post to cut 8,000 jobs as part of cost-saving strategy
DHL unveiled plans on March 6 to cut about 8,000 jobs in Germany this year as part of a strategy to save more than €1 billion by 2027, after the logistics group…
Likely German coalition government agrees almost €1tn debt-fuelled spending spree
Parties negotiating the formation of a new German government have agreed to authorise €500 billion in new debt for infrastructure projects.
German National Bank proposes letting go of strict fiscal policy
Germany's Bundesbank proposed a reform of the country's debt brake, allowing Berlin to borrow an additional €220 billion by 2030, a break from its traditional…
Germany’s Bundesbank reports record €19.2bn loss
Germany's national bank has reported record losses of €19.2 billion, marking its first deficit since 1979.
German vice-chancellor’s brother under fire for alleged public funds ‘mismanagement’
The younger brother of Germany’s vice-chancellor and economics minister Robert Habeck (Greens), has come under fire for alleged wasteful spending of taxpayer money.
German unemployment hits almost 3 million as job market shrinks
Germany’s economy has continued its downward spiral as official figures from the Federal Employment Agency (BA) have revealed almost three million people were…
What does Germany think about being a nation — strong, assertive or weak?
Elon Musk’s recent address to the AfD party in Germany has reignited a centuries-old debate: What kind of Germany does Europe truly need?
Germany’s declining economy ‘helps it cut emissions’, think tank finds
Germany's declining economy is helping the country reach its goal of reducing emissions, a think tank report has found.
Germany ‘entering longest economic slump since WW2’
A forecast by the Handelsblatt Research Institute (HRI) has predicted that the German economy is set to suffer a third consecutive year of recession, something not…
German CDU leader Merz warns against ‘dangerous spiral of tariffs’
German Christian Democratic Union (CDU) leader Friedrich Merz has told news agency DPA he would support a new attempt at talks on a free trade deal with the US.
Mass exodus of companies shows Germany is ‘bankrupt’
The mass exodus of companies from Germany has shown the country was now effectively "bankrupt", the head of an industry organisation has said.
Merz or Scholz: German politics to continue on the same self-destructive path
The upcoming German elections will not only define the future of one of the two political and economic pillars of the European Union, they will also test the leadership…