Tag #German Economy

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dw.com

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Feb 10, 13:08

German Election: Economy and AfD Influence Dominate Debate

In Germany's upcoming federal election on February 23, economic concerns and the potential influence of the far-right AfD are dominating the race. Chancellor Scholz and CDU leader Merz clashed in their first televised debate, with 37% of viewers seeing Scholz as the winner, while polls predict a CDU...

German Election: Economy and AfD Influence Dominate Debate

In Germany's upcoming federal election on February 23, economic concerns and the potential influence of the far-right AfD are dominating the race. Chancellor Scholz and CDU leader Merz clashed in their first televised debate, with 37% of viewers seeing Scholz as the winner, while polls predict a CDU...

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What are the most pressing economic concerns for German voters in the upcoming election, and how are the leading candidates addressing them?

Germany's upcoming federal election on February 23rd is highly contested, with economic concerns dominating public discourse. A recent survey reveals 70% of Germans are worried about rising living costs, and 68% fear a recession, highlighting the significant economic challenges facing the nation. The first televised debate between Chancellor Scholz and CDU leader Merz saw Scholz declared the winner by 37% of viewers, underscoring the tight race.

faz.net

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Feb 9, 16:08

Volkswagen Announces 35,000 Job Cuts Amidst Global Market Challenges

Volkswagen Group announced a compromise with the IG Metall union involving 35,000 job cuts over six years to improve competitiveness amid a stagnating global auto market and increased competition, particularly from China, while simultaneously pledging to launch a €20,000 electric vehicle and an elec...

Volkswagen Announces 35,000 Job Cuts Amidst Global Market Challenges

Volkswagen Group announced a compromise with the IG Metall union involving 35,000 job cuts over six years to improve competitiveness amid a stagnating global auto market and increased competition, particularly from China, while simultaneously pledging to launch a €20,000 electric vehicle and an elec...

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How does Volkswagen's current situation reflect broader trends in the global automotive industry and geopolitical factors?

The agreement, described as a compromise, reflects the intense pressure Volkswagen faces in a stagnating global auto market and increased competition, especially from Chinese rivals. The deal, while presenting a united front, masks underlying tensions as management had initially favored more drastic cost-cutting measures.

zeit.de

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Feb 7, 07:07

Trump Presidency: 75% of German Firms Fear Negative Economic Impact

A ZEW survey of 850 German companies in December 2016 shows that 75% anticipate negative economic consequences from Trump's presidency, with those exporting to the US expressing significantly more concern. The survey predates Trump's January 20 inauguration.

Trump Presidency: 75% of German Firms Fear Negative Economic Impact

A ZEW survey of 850 German companies in December 2016 shows that 75% anticipate negative economic consequences from Trump's presidency, with those exporting to the US expressing significantly more concern. The survey predates Trump's January 20 inauguration.

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How does the level of concern vary between sectors and those with versus without US export activity?

The survey highlights a correlation between US exports and pessimism: 55% of German manufacturing firms exporting to the US expect negative impacts on their success, compared to 34% of non-exporting firms. This suggests that the impact will be disproportionately felt by businesses directly involved in US trade.

faz.net

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Feb 6, 19:08

German CEOs Urge Growth Agenda Ahead of Election

Three leading German CEOs, Busch (Siemens), Källenius (Mercedes), and Sewing (Deutsche Bank), presented a joint reform agenda for the incoming German government, emphasizing a clear growth strategy, including technology openness, infrastructure investment, addressing skilled labor shortages through ...

German CEOs Urge Growth Agenda Ahead of Election

Three leading German CEOs, Busch (Siemens), Källenius (Mercedes), and Sewing (Deutsche Bank), presented a joint reform agenda for the incoming German government, emphasizing a clear growth strategy, including technology openness, infrastructure investment, addressing skilled labor shortages through ...

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How do the CEOs' recommendations for reducing bureaucracy and increasing immigration relate to broader European trends and challenges?

The CEOs' statement reflects a growing concern among German business leaders about the country's economic competitiveness and social cohesion. Their call for reduced bureaucracy, lower energy prices, and targeted immigration aims to address structural challenges hindering growth. The emphasis on a strong defense budget, mirroring the success of Silicon Valley, underscores the perceived link between defense spending and technological innovation.

zeit.de

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Feb 4, 13:09

German Mortgage Market Surges 23 Percent in 2024

German banks' new business with private mortgages totaled "198 billion euros" in 2024, a 23 percent increase year-on-year due to slightly lower construction interest rates after ECB cuts, following a 37 percent drop in 2023 to "161 billion euros" due to high interest rates and construction costs.

German Mortgage Market Surges 23 Percent in 2024

German banks' new business with private mortgages totaled "198 billion euros" in 2024, a 23 percent increase year-on-year due to slightly lower construction interest rates after ECB cuts, following a 37 percent drop in 2023 to "161 billion euros" due to high interest rates and construction costs.

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Sustainable Cities and Communities

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How did the previous year's significant drop in mortgage lending influence the current market recovery?

The increase in mortgage lending follows a significant drop in 2023, when new business fell by 37 percent to "161 billion euros", due to rising interest rates and construction costs. The current upswing is attributed to decreased interest rates, making mortgages more accessible and prompting renewed consumer demand. However, uncertainties remain regarding future interest rate adjustments and potential economic impacts from the US.

zeit.de

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Feb 3, 16:10

Trump Imposes Tariffs, Threatening Global Trade War

President Trump implemented 25% tariffs on imports from Mexico and Canada and 10% from China, prompting retaliatory measures and concerns of a global trade war, significantly impacting the global economy and especially the German automotive industry.

Trump Imposes Tariffs, Threatening Global Trade War

President Trump implemented 25% tariffs on imports from Mexico and Canada and 10% from China, prompting retaliatory measures and concerns of a global trade war, significantly impacting the global economy and especially the German automotive industry.

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How might the imposition of these tariffs affect the already weakening German economy and its automotive industry?

The tariffs imposed by President Trump are a direct continuation of his election campaign promises. The resulting trade conflict, involving major economic powers like the USA, China, and the EU, may cause a significant global economic slowdown, impacting supply chains and consumer prices.

welt.de

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Feb 9, 10:11

Germany's Economic Slump and Proposed Reform Plan

Germany faces a potential 2025 recession, lagging in G7 growth, prompting proposed reforms including tax cuts, energy policy changes, bureaucratic reduction, and a skilled worker initiative.

Germany's Economic Slump and Proposed Reform Plan

Germany faces a potential 2025 recession, lagging in G7 growth, prompting proposed reforms including tax cuts, energy policy changes, bureaucratic reduction, and a skilled worker initiative.

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What are the primary causes of Germany's economic decline, and what immediate actions are proposed to address them?

Germany's economy is facing a recession in 2025, lagging behind other G7 nations with only 0.3% growth since 2019 compared to the US's 12%. This has led to job losses and decreased purchasing power.

elpais.com

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Feb 7, 01:08

German CEOs Warn Against Xenophobia Ahead of Elections

CEOs of Siemens, Mercedes-Benz, and Deutsche Bank issued a joint statement on February 9th, warning against the dangers of a protest vote driven by xenophobia in the upcoming German federal elections on February 23rd, emphasizing the need for qualified immigration and a stable government to maintain...

German CEOs Warn Against Xenophobia Ahead of Elections

CEOs of Siemens, Mercedes-Benz, and Deutsche Bank issued a joint statement on February 9th, warning against the dangers of a protest vote driven by xenophobia in the upcoming German federal elections on February 23rd, emphasizing the need for qualified immigration and a stable government to maintain...

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What are the immediate economic consequences of a potential rise in xenophobic policies and a 'protest vote' in the upcoming German federal elections?

Germany's top executives from Siemens, Mercedes-Benz, and Deutsche Bank warned against a potential 'protest vote' leading to xenophobic policies, jeopardizing the nation's prosperity. Their statement, released during the February 23rd election campaign, highlights concerns about rising nationalism and extremism, echoing similar warnings issued before the European elections in 2024. They emphasized the need for qualified immigration to address labor shortages, citing the projected need for 400,000 foreign workers annually for the next decade.

zeit.de

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Feb 6, 13:10

German CEOs Urge Open Immigration Policy and Economic Reform

CEOs of Deutsche Bank, Siemens, and Mercedes-Benz called for increased skilled worker immigration and a new economic policy in Germany, warning against rising xenophobia and emphasizing the need for a united Europe and efficient integration of immigrants into the workforce before the February 23rd f...

German CEOs Urge Open Immigration Policy and Economic Reform

CEOs of Deutsche Bank, Siemens, and Mercedes-Benz called for increased skilled worker immigration and a new economic policy in Germany, warning against rising xenophobia and emphasizing the need for a united Europe and efficient integration of immigrants into the workforce before the February 23rd f...

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What immediate economic and social impacts could result from Germany adopting a more open immigration policy for skilled workers, given the current labor shortages?

CEOs of major German companies, including Deutsche Bank, Siemens, and Mercedes-Benz, urged for a more open immigration policy focused on skilled workers and advocated for a fundamental shift in German economic policy. They emphasized the critical need to integrate immigrants into the workforce quickly to address labor shortages.

sueddeutsche.de

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Feb 5, 22:12

Munich Airport Booms While Nuremberg Struggles: 2024 Financial Results for German Airports and Trade Shows

In 2024, Munich Airport saw a 12% passenger increase to 41.6 million, while Nuremberg Airport maintained around 4 million passengers but reported negative single-digit million euro yearly results due to high costs; both cities' trade shows reported record revenues; and state-owned casinos showed pos...

Munich Airport Booms While Nuremberg Struggles: 2024 Financial Results for German Airports and Trade Shows

In 2024, Munich Airport saw a 12% passenger increase to 41.6 million, while Nuremberg Airport maintained around 4 million passengers but reported negative single-digit million euro yearly results due to high costs; both cities' trade shows reported record revenues; and state-owned casinos showed pos...

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Responsible Consumption and Production

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What factors contributed to Nuremberg Airport's financial challenges, and how do these challenges compare to the broader economic context of the German aviation industry?

While Munich Airport thrived, Nuremberg Airport struggled financially despite profitable flight operations, reporting negative single-digit million euro results in 2023 and 2024 due to substantial renovation and maintenance costs. This highlights the disparity in performance among German airports and the financial pressures faced by some.

welt.de

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Feb 4, 16:11

IG Metall Demands Economic Policy Shift to Secure German Jobs

The IG Metall union launched a nationwide petition demanding massive investments in renewable energy, new technologies, and infrastructure to secure jobs and prevent factory closures, culminating in a March 15th action day.

IG Metall Demands Economic Policy Shift to Secure German Jobs

The IG Metall union launched a nationwide petition demanding massive investments in renewable energy, new technologies, and infrastructure to secure jobs and prevent factory closures, culminating in a March 15th action day.

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How do the IG Metall's concerns regarding job security and industrial policy specifically impact East Germany?

The union's concerns stem from a perceived lack of political action regarding industrial future and worker security. They highlight the precarious situation of energy-intensive businesses struggling with rising costs and the automotive sector's instability, particularly in East Germany where past industrial successes are now threatened.

dw.com

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Feb 3, 10:10

German Economy Faces Crisis Amidst High Costs and Relocations

Germany's economy is facing a crisis with rising unemployment and decreasing investor confidence due to high energy costs, taxes, and bureaucracy, prompting businesses to relocate and causing concern ahead of the February 23rd elections.

German Economy Faces Crisis Amidst High Costs and Relocations

Germany's economy is facing a crisis with rising unemployment and decreasing investor confidence due to high energy costs, taxes, and bureaucracy, prompting businesses to relocate and causing concern ahead of the February 23rd elections.

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What are the most significant challenges facing the German economy, and what immediate actions are needed to address them?

The German economy is experiencing a downturn, marked by rising unemployment and decreased attractiveness to investors. This is largely due to increased energy costs, high taxes, and excessive bureaucracy, hindering competitiveness and driving companies to relocate abroad.

Showing 205 to 216 of 377 results