Tag #German Economy

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kathimerini.gr

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Jun 5, 10:14

Germany Unveils €46 Billion Tax Relief Package to Boost Stagnant Economy

Germany's new government will introduce a €46 billion tax relief package for businesses this summer, including cuts for new equipment and electric vehicles, to counter economic stagnation and boost competitiveness, marking a shift from previous fiscal austerity.

Germany Unveils €46 Billion Tax Relief Package to Boost Stagnant Economy

Germany's new government will introduce a €46 billion tax relief package for businesses this summer, including cuts for new equipment and electric vehicles, to counter economic stagnation and boost competitiveness, marking a shift from previous fiscal austerity.

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What is the immediate economic impact of Germany's €46 billion tax relief package for businesses?

The German government will implement a €46 billion tax relief package for businesses this summer to stimulate the economy, aiming to overcome a prolonged period of stagnation. The plan includes tax breaks for new equipment and electric vehicles, impacting business investment and competitiveness.

zeit.de

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Jun 5, 10:14

German States Demand Cost Compensation for Economic Stimulus Package

Germany's federal states demand cost compensation for an economic stimulus package, creating a conflict over financial burden and distribution between federal and state governments, with solutions potentially impacting future economic policy.

German States Demand Cost Compensation for Economic Stimulus Package

Germany's federal states demand cost compensation for an economic stimulus package, creating a conflict over financial burden and distribution between federal and state governments, with solutions potentially impacting future economic policy.

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What is the central conflict regarding Germany's planned economic stimulus package?

Germany's federal states unanimously demand cost compensation for a planned economic stimulus package, as stated by the head of the Minister Presidents' Conference, Michael Kretschmer. The costs primarily burden states and municipalities, necessitating a solution for cost-sharing to ensure feasibility. Kretschmer suggests resolving this through adjustments to Value Added Tax distribution.

faz.net

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Jun 4, 16:15

Merz Seeks US Steel Deal Amid Trump Tariff Increase

German Chancellor Friedrich Merz travels to the US seeking a bilateral steel agreement amid Donald Trump's doubled steel tariffs, impacting German steel exports (around 20% of non-EU exports) and causing industry uncertainty due to global overcapacity and the need for green transformation.

Merz Seeks US Steel Deal Amid Trump Tariff Increase

German Chancellor Friedrich Merz travels to the US seeking a bilateral steel agreement amid Donald Trump's doubled steel tariffs, impacting German steel exports (around 20% of non-EU exports) and causing industry uncertainty due to global overcapacity and the need for green transformation.

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What immediate impact will Donald Trump's recent tariff increase have on the German steel industry's exports to the US?

German Chancellor Friedrich Merz's upcoming trip to the US carries high hopes for the German steel industry, which is seeking a bilateral steel agreement with the US. However, Donald Trump's recent doubling of steel and aluminum import tariffs complicates matters, creating uncertainty and potentially worsening the industry's challenges.

zeit.de

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Jun 3, 13:13

German Insolvencies to Rise Sharply in 2025: Allianz Trade

Allianz Trade predicts an 11% increase in German business insolvencies in 2025 to about 24,400 cases, following a 22% rise in 2024, due to economic hardship and trade conflicts; further growth is foreseen in 2026, impacting large firms and supply chains, particularly in construction, fashion, and au...

German Insolvencies to Rise Sharply in 2025: Allianz Trade

Allianz Trade predicts an 11% increase in German business insolvencies in 2025 to about 24,400 cases, following a 22% rise in 2024, due to economic hardship and trade conflicts; further growth is foreseen in 2026, impacting large firms and supply chains, particularly in construction, fashion, and au...

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How will the economic crisis and trade disputes affect the number of insolvencies in Germany in 2025 and 2026?

Due to economic crisis and trade disputes, Allianz Trade predicts an 11% increase in German insolvencies in 2025, reaching approximately 24,400 cases. This is a revision from their earlier prediction of a 10% increase. A further 3% rise is anticipated in 2026.", "The high number of large insolvencies with significant job losses is particularly concerning. Germany is expected to be the second most affected Western European market after France, with rising insolvency numbers projected even into 2026.", "The ongoing trade war and uncertain economic outlook contribute to the forecast. Large insolvencies create major financial difficulties for suppliers, potentially disrupting supply chains. 2024 already witnessed a record number of large insolvencies, with 87 cases totaling extyen17.4 billion in revenue, a 33% increase from the previous year.", Q1="What is the projected impact of the economic crisis and trade disputes on the number of insolvencies in Germany in 2025 and 2026?", Q2="What sectors are most vulnerable to these trends, and what are the potential cascading effects on the German economy?", Q3="What long-term implications might these trends have on the German economy's structure and competitiveness, particularly considering the impact on large businesses and supply chains?", ShortDescription="Allianz Trade forecasts an 11% surge in German insolvencies in 2025 to 24,400, exceeding prior predictions, driven by economic crisis and trade disputes; this follows a 22% increase in 2024 and projects further growth in 2026, impacting large businesses and supply chains, with construction, fashion, and auto suppliers most affected.", ShortTitle="German Insolvencies to Surge 11% in 2025, Allianz Trade Predicts")) 应为德语原文的翻译。请检查。谢谢。, print(default_api.final_result(A1=

zeit.de

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Jun 3, 13:13

German Startup Surge in 2024

Germany experienced a 3% rise in new business creations in 2024, totaling 585,000, due to a cooling job market and a younger generation's increased openness to self-employment; however, this increase is still below the levels seen in the early 2000s.

German Startup Surge in 2024

Germany experienced a 3% rise in new business creations in 2024, totaling 585,000, due to a cooling job market and a younger generation's increased openness to self-employment; however, this increase is still below the levels seen in the early 2000s.

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What is the magnitude and cause of the recent increase in new business creation in Germany?

In 2024, Germany saw a 3% increase in new businesses, reaching 585,000, driven partly by a cooling job market. This led to a surge in part-time entrepreneurs transitioning to full self-employment.

taz.de

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Jun 3, 10:13

Meyer Burger Insolvency Highlights German Industrial Policy Flaws

Meyer Burger's two German subsidiaries filed for insolvency, affecting 600 jobs and sparking debate about Germany's renewable energy policies and the broader challenges faced by its mid-sized companies.

Meyer Burger Insolvency Highlights German Industrial Policy Flaws

Meyer Burger's two German subsidiaries filed for insolvency, affecting 600 jobs and sparking debate about Germany's renewable energy policies and the broader challenges faced by its mid-sized companies.

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Industry, Innovation, and Infrastructure

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What are the immediate consequences of Meyer Burger's insolvency for German renewable energy development and job market?

Meyer Burger's German subsidiaries, Meyer Burger Industries and Meyer Burger Germany, filed for insolvency, impacting 600 employees in Thalheim and Hohenstein-Ernstthal. This raises concerns about Germany's renewable energy support policies.

welt.de

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Jun 5, 13:13

German States Demand Compensation for Tax Shortfalls from Economic Relief Package

German states are demanding federal compensation for €48 billion in tax shortfalls stemming from a new economic relief package that benefits businesses through enhanced tax write-offs and future corporate tax cuts, disproportionately impacting local governments with already tight budgets.

German States Demand Compensation for Tax Shortfalls from Economic Relief Package

German states are demanding federal compensation for €48 billion in tax shortfalls stemming from a new economic relief package that benefits businesses through enhanced tax write-offs and future corporate tax cuts, disproportionately impacting local governments with already tight budgets.

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How does the current dispute reflect broader issues of fiscal federalism and intergovernmental relations in Germany?

The dispute highlights the complex financial relationship between German federal and state governments. States argue that the economic relief package's benefits, while nationally beneficial, create significant financial burdens for municipalities due to reduced tax revenue. This underscores the need for a clearer financial framework between federal and state levels.

zeit.de

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Jun 4, 16:15

Germany's Corporate Tax Cut: €8 Billion Revenue Loss, Investment Gamble

Germany's new coalition government approved a corporate tax cut, projected to reduce government revenue by €8 billion in 2024, primarily impacting municipal budgets, despite expert support for its potential to stimulate private investment.

Germany's Corporate Tax Cut: €8 Billion Revenue Loss, Investment Gamble

Germany's new coalition government approved a corporate tax cut, projected to reduce government revenue by €8 billion in 2024, primarily impacting municipal budgets, despite expert support for its potential to stimulate private investment.

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What are the immediate economic consequences of Germany's new corporate tax cut, and how does it impact government revenue and municipal budgets?

Germany's new coalition government, led by the Social Democratic Party (SPD), has approved a corporate tax cut, a notable departure from typical SPD policy. This initiative aims to stimulate private investment, complementing the €500 billion special fund for public investment. The tax cuts, starting with increased depreciation allowances for movable assets in 2024 and further reductions in corporate tax rates from 2028, are projected to result in €8 billion in reduced government revenue next year.

zeit.de

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Jun 4, 16:15

NRW Rejects Thyssenkrupp State Intervention Amid Job Cut Controversy

North Rhine-Westphalia's Minister of Labor rejects state participation in Thyssenkrupp amid criticism over a 700 million euro subsidy and the announced elimination of 11,000 jobs; opposition parties demand accountability and job guarantees.

NRW Rejects Thyssenkrupp State Intervention Amid Job Cut Controversy

North Rhine-Westphalia's Minister of Labor rejects state participation in Thyssenkrupp amid criticism over a 700 million euro subsidy and the announced elimination of 11,000 jobs; opposition parties demand accountability and job guarantees.

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What are the immediate consequences of the 700 million euro subsidy to Thyssenkrupp, considering the announced job cuts and the lack of conditions?

North Rhine-Westphalia's Minister of Labor, Karl-Josef Laumann (CDU), rejects state participation in the Thyssenkrupp industrial group. He argues that state involvement wouldn't ensure the future of domestic steel production. Opposition parties criticized the 700 million euro subsidy for a direct reduction plant without guarantees for jobs or location.

zeit.de

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Jun 3, 22:13

Germany Ends Austerity with €500 Billion Investment Plan

Germany's government is abandoning decades of austerity, allocating €500 billion for infrastructure and climate, marking a significant policy shift.

Germany Ends Austerity with €500 Billion Investment Plan

Germany's government is abandoning decades of austerity, allocating €500 billion for infrastructure and climate, marking a significant policy shift.

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How does this policy shift reflect broader changes in economic thinking and political priorities in Germany?

This policy change reflects a shift away from the austerity measures implemented after the 2009 financial crisis, which saw significant cuts and a focus on reducing the national debt. The new investment plan addresses the consequences of this previous policy, such as insufficient infrastructure and social welfare programs, while also responding to economic arguments advocating for investment during economic downturns.

welt.de

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Jun 3, 13:13

OECD Forecasts 1.2% German Growth in 2024 Despite Risks

The OECD predicts 1.2% German economic growth in 2024, exceeding other forecasts, driven by government investments and rising consumer spending, but risks remain due to potential trade disputes and inflation.

OECD Forecasts 1.2% German Growth in 2024 Despite Risks

The OECD predicts 1.2% German economic growth in 2024, exceeding other forecasts, driven by government investments and rising consumer spending, but risks remain due to potential trade disputes and inflation.

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How do the OECD's predictions compare to other economic forecasts for Germany, and what accounts for the differences in outlook?

While other institutions predict stagnation, the OECD's more optimistic outlook for 2024 stems from anticipated government investments and increased consumer spending. However, this projection is contingent on resolving trade conflicts and stimulating private investment, highlighting the interconnectedness of government policy, consumer behavior, and international relations.

taz.de

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Jun 2, 19:17

Meyer Burger Insolvency Exposes German Solar Industry's Vulnerability

German solar cell producer Meyer Burger filed for insolvency, impacting 600 jobs and highlighting the industry's struggle against Chinese competition and fluctuating government policies, mirroring a previous industry collapse 10-15 years ago.

Meyer Burger Insolvency Exposes German Solar Industry's Vulnerability

German solar cell producer Meyer Burger filed for insolvency, impacting 600 jobs and highlighting the industry's struggle against Chinese competition and fluctuating government policies, mirroring a previous industry collapse 10-15 years ago.

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Affordable and Clean Energy

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What are the immediate consequences of Meyer Burger's insolvency for the German solar industry and its workforce?

Meyer Burger, Germany's largest solar cell producer, has filed for insolvency for its Bitterfeld-Wolfen and Hohenstein-Ernstthal plants, jeopardizing over 600 jobs. This marks the second time German solar production faces collapse, highlighting the industry's vulnerability to global competition and fluctuating government policies.

Showing 25 to 36 of 482 results