Tag #German Economy

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taz.de

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May 22, 01:10

German Economic Experts Urge Modernization Amidst Worker Shortages and Geopolitical Shifts

Germany's Council of Economic Experts advises the government to mandate minimum spending on education, infrastructure, technology, and defense to modernize its aging industrial base, address a shortage of 530,000 skilled workers, and maintain competitiveness in a changing global landscape.

German Economic Experts Urge Modernization Amidst Worker Shortages and Geopolitical Shifts

Germany's Council of Economic Experts advises the government to mandate minimum spending on education, infrastructure, technology, and defense to modernize its aging industrial base, address a shortage of 530,000 skilled workers, and maintain competitiveness in a changing global landscape.

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How do the Council's recommendations address both the need for climate neutrality and the broader economic challenges facing Germany?

This recommendation highlights the need for structural reform in Germany to address both economic and geopolitical challenges. The aging industrial core requires significant investment and adaptation, while worker shortages underscore the urgency of modernizing education and training. The report implicitly criticizes insufficient government action.

dw.com

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May 21, 19:12

Germany's Recession: High Costs, Labor Shortages, and a €500 Billion Gamble

Germany's economy has been in recession for two years, with 2024 seeing business closures similar to 2011's financial crisis; high energy costs, labor shortages, and bureaucracy are key factors, while a €500 billion investment plan offers potential for future recovery but faces challenges.

Germany's Recession: High Costs, Labor Shortages, and a €500 Billion Gamble

Germany's economy has been in recession for two years, with 2024 seeing business closures similar to 2011's financial crisis; high energy costs, labor shortages, and bureaucracy are key factors, while a €500 billion investment plan offers potential for future recovery but faces challenges.

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Decent Work and Economic Growth

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What are the most significant immediate impacts of Germany's prolonged economic recession on its industries and overall economic standing?

Germany's economy has contracted for two years, unlike any other EU nation. In 2024, business closures reached 2011 levels, impacting energy-intensive industries hardest due to high electricity prices. High bureaucracy costs and labor shortages exacerbate the issue.

welt.de

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May 21, 19:12

Record High Business Closures in Germany in 2024

In 2024, Germany experienced a record 196,000 business closures—a 16 percent increase from 2023—affecting various sectors due to weak economic conditions, high energy costs, foreign competition, and labor shortages, particularly impacting energy-intensive industries and technology-intensive services...

Record High Business Closures in Germany in 2024

In 2024, Germany experienced a record 196,000 business closures—a 16 percent increase from 2023—affecting various sectors due to weak economic conditions, high energy costs, foreign competition, and labor shortages, particularly impacting energy-intensive industries and technology-intensive services...

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What are the immediate economic consequences of the unprecedented number of business closures in Germany in 2024?

In 2024, Germany saw a record high of 196,000 business closures, exceeding the previous year by 16 percent and reaching levels comparable to the aftermath of the 2008 financial crisis. This surge affects various sectors, including larger, economically active companies, highlighting a concerning trend.

zeit.de

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May 21, 13:12

German Economy Stagnant in 2024: Council of Economic Experts

Germany's Council of Economic Experts forecasts zero GDP growth for 2024, a revision from 0.4% predicted last autumn, citing US trade policy uncertainty but also noting potential for growth through effective government investment; 1% growth is predicted for 2025.

German Economy Stagnant in 2024: Council of Economic Experts

Germany's Council of Economic Experts forecasts zero GDP growth for 2024, a revision from 0.4% predicted last autumn, citing US trade policy uncertainty but also noting potential for growth through effective government investment; 1% growth is predicted for 2025.

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What structural reforms or policy changes are necessary to ensure sustained long-term economic growth in Germany?

The effectiveness of the planned financial package hinges on its investment focus. Misuse could negate growth effects, and its compatibility with EU regulations is uncertain. Further challenges include reducing bureaucracy and increasing female workforce participation to boost economic growth.

taz.de

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May 21, 16:12

Germany's Economic Growth Forecast Downgraded to Stagnation

Germany's economic advisory council revised its 2024 growth forecast downward to stagnation from 0.4 percent growth, citing US trade policies and domestic bureaucratic hurdles; positive impacts from a new government financial package are not expected until 2026.

Germany's Economic Growth Forecast Downgraded to Stagnation

Germany's economic advisory council revised its 2024 growth forecast downward to stagnation from 0.4 percent growth, citing US trade policies and domestic bureaucratic hurdles; positive impacts from a new government financial package are not expected until 2026.

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How do domestic factors contribute to Germany's current economic weakness, according to the council?

The downward revision reflects Germany's persistent economic struggles, exacerbated by US tariffs and internal challenges. While a new government's financial package offers potential, its impact is not expected until 2026, highlighting the long-term nature of the challenges. The council points to bureaucratic bottlenecks and lengthy approval processes as significant domestic constraints.

welt.de

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May 20, 13:15

German Chemical Industry Recovers in Q1 2023 Amidst Trade Concerns

Germany's chemical and pharmaceutical industry experienced a 4.4% rise in turnover to €54.8 billion in Q1 2023, recovering from previous declines, but concerns remain about US tariffs and Chinese competition; production is expected to stagnate in 2023.

German Chemical Industry Recovers in Q1 2023 Amidst Trade Concerns

Germany's chemical and pharmaceutical industry experienced a 4.4% rise in turnover to €54.8 billion in Q1 2023, recovering from previous declines, but concerns remain about US tariffs and Chinese competition; production is expected to stagnate in 2023.

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How did the US trade policy and potential diversion of Chinese goods affect the German chemical and pharmaceutical industry's performance?

This rebound is attributed to improved business conditions across most sectors, both domestically and internationally. However, concerns remain regarding US trade policies and the potential diversion of Chinese goods to Europe, impacting export opportunities and increasing competition.

zeit.de

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May 22, 19:12

Schleswig-Holstein to Present Supplementary Budget Before Summer Recess

Facing opposition criticism, Schleswig-Holstein's Finance Minister Silke Schneider will present a supplementary budget before the summer recess to resolve a €271 million emergency loan, with plans to address a further €492 million in autumn using increased federal borrowing capacity.

Schleswig-Holstein to Present Supplementary Budget Before Summer Recess

Facing opposition criticism, Schleswig-Holstein's Finance Minister Silke Schneider will present a supplementary budget before the summer recess to resolve a €271 million emergency loan, with plans to address a further €492 million in autumn using increased federal borrowing capacity.

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Reduced Inequality

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How will the Schleswig-Holstein government's plan to use increased federal borrowing limits impact its financial stability and ongoing projects?

The initial plan to address the unconstitutional emergency loan (€492 million from 2024) was delayed until autumn. However, due to opposition pressure, a revised plan is now in place to address the €271 million loan before the summer recess. The remaining 2024 loans will be addressed with a second supplementary budget in autumn, leveraging increased federal borrowing limits.

de.euronews.com

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May 21, 13:12

Germany Faces Economic Stagnation in 2025

Germany's economy is projected to stagnate in 2025, with zero growth predicted by the German Council of Economic Experts and the EU Commission, following three years of stagnation and nearly 200,000 business closures in 2024, largely due to high energy costs and increased foreign competition.

Germany Faces Economic Stagnation in 2025

Germany's economy is projected to stagnate in 2025, with zero growth predicted by the German Council of Economic Experts and the EU Commission, following three years of stagnation and nearly 200,000 business closures in 2024, largely due to high energy costs and increased foreign competition.

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What are the immediate economic consequences of Germany's predicted zero growth in 2025?

Germany's economy is stagnating, with zero growth predicted for 2025 by both the German Council of Economic Experts and the EU Commission. This follows three years of stagnation and a significant increase in business closures, reaching levels not seen since 2011.

welt.de

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May 21, 13:12

German Economy Stagnates Despite 500 Billion Euro Investment Package

Germany's economic experts predict stagnation in 2025, with unemployment rising to 6.2%, despite a 500 billion euro investment package aimed at boosting growth through infrastructure and climate investments, but success depends on targeted spending and reduced bureaucracy.

German Economy Stagnates Despite 500 Billion Euro Investment Package

Germany's economic experts predict stagnation in 2025, with unemployment rising to 6.2%, despite a 500 billion euro investment package aimed at boosting growth through infrastructure and climate investments, but success depends on targeted spending and reduced bureaucracy.

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What is the immediate impact of the lowered economic growth forecast on Germany's job market and inflation?

The German economy is stagnating, with the "Wirtschaftsweisen" (economic experts) lowering their growth forecast for 2024 and predicting stagnation in 2025, a significant decrease from their previous 0.4% growth prediction. Unemployment is expected to rise to 6.2% in 2025, while inflation is projected to decrease but remains uncertain due to potential trade conflicts and government spending.

sueddeutsche.de

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May 21, 16:12

German Economic Stagnation Persists Despite €500 Billion Investment Plan

Germany's economy is stagnant, with the Council of Economic Experts forecasting zero growth in 2025 due to bureaucratic hurdles, unpredictable US trade policies, and a weak spring economic recovery; a €500 billion investment package offers a chance for growth, but its effective allocation is crucial...

German Economic Stagnation Persists Despite €500 Billion Investment Plan

Germany's economy is stagnant, with the Council of Economic Experts forecasting zero growth in 2025 due to bureaucratic hurdles, unpredictable US trade policies, and a weak spring economic recovery; a €500 billion investment package offers a chance for growth, but its effective allocation is crucial...

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How does the projected economic weakness affect Germany's labor market and inflation, and what are the uncertainties surrounding these projections?

This economic weakness is reflected in a projected unemployment rate increase to 6.2% in 2025 and a comparatively weak spring economic recovery. While inflation is expected to ease slightly, the forecast remains uncertain due to potential trade conflicts and government spending.

faz.net

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May 21, 19:12

Sparkassen President Criticizes US, Advocates for Canada, and Raises Concerns About EU Regulations

At the Sparkassentag in Nuremberg, president Ulrich Reuter criticized the US administration, advocating for stronger ties with Canada and highlighting concerns about EU regulations impacting German Sparkassen. Bavarian Minister President Markus Söder echoed these concerns, emphasizing the need to pr...

Sparkassen President Criticizes US, Advocates for Canada, and Raises Concerns About EU Regulations

At the Sparkassentag in Nuremberg, president Ulrich Reuter criticized the US administration, advocating for stronger ties with Canada and highlighting concerns about EU regulations impacting German Sparkassen. Bavarian Minister President Markus Söder echoed these concerns, emphasizing the need to pr...

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What is the significance of the Sparkassenverband president's criticism of the US administration and his suggestion that Canada is a better partner for Germany?

The Sparkassenverband president, Ulrich Reuter, criticized the current US administration, stating that the US is no longer a haven for democracy and the rule of law, and that the economic decline of the US has begun. He suggested that Canada is a better partner for Germany due to its commitment to democracy and cooperation on equal footing.

sueddeutsche.de

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May 20, 13:15

DAX Breaks 24,000-Point Barrier Amid Easing Tensions

On Tuesday, the German DAX stock index hit a record high of 24,006.16 points, exceeding 24,000 points for the first time, driven by easing geopolitical tensions, positive corporate earnings, and hopes for a Ukraine ceasefire, despite ongoing uncertainties.

DAX Breaks 24,000-Point Barrier Amid Easing Tensions

On Tuesday, the German DAX stock index hit a record high of 24,006.16 points, exceeding 24,000 points for the first time, driven by easing geopolitical tensions, positive corporate earnings, and hopes for a Ukraine ceasefire, despite ongoing uncertainties.

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What are the primary factors driving the DAX's record-breaking surge, and what are the immediate consequences for the German and European economies?

The German DAX index surpassed 24,000 points for the first time in its history on Tuesday, reaching a high of 24,006.16 points before slightly retracting. This marks a roughly 20 percent increase since the beginning of the year, exceeding its April decline. The rise follows a record high on Monday and is attributed to easing geopolitical tensions and positive corporate earnings reports.

Showing 133 to 144 of 560 results