Tag #German Economy

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sueddeutsche.de

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May 28, 22:12

Germany's New Coalition Unveils Rapid-Response Economic Program

Germany's new black-red coalition government announced a rapid-response economic program to combat recession, including tax cuts, infrastructure investment (€500 billion special fund), and bureaucratic reforms, aiming for visible improvements by summer, despite potential resistance from some states.

Germany's New Coalition Unveils Rapid-Response Economic Program

Germany's new black-red coalition government announced a rapid-response economic program to combat recession, including tax cuts, infrastructure investment (€500 billion special fund), and bureaucratic reforms, aiming for visible improvements by summer, despite potential resistance from some states.

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How will the coalition address concerns from German states regarding potential revenue shortfalls from planned tax cuts?

The coalition's rapid response targets Germany's economic stagnation, evidenced by two consecutive years of recession and projected GDP stagnation in 2024. Measures like a degressive depreciation scheme aim to boost business investments, while tax cuts (e.g., reduced electricity tax, higher commuter allowance from 2026) aim to stimulate consumption. This is coupled with tackling bureaucratic hurdles.

zeit.de

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May 27, 13:10

DAX Hits Record High Amidst Easing Tensions and Economic Uncertainty

The German DAX index reached a record high of 24,161 points due to easing geopolitical tensions, strong corporate earnings, and anticipation of lower interest rates in the Eurozone, despite Germany's economic slowdown and the ongoing Ukraine war.

DAX Hits Record High Amidst Easing Tensions and Economic Uncertainty

The German DAX index reached a record high of 24,161 points due to easing geopolitical tensions, strong corporate earnings, and anticipation of lower interest rates in the Eurozone, despite Germany's economic slowdown and the ongoing Ukraine war.

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What are the primary factors driving the German DAX index to record highs, and what are the immediate implications for the European economy?

The German DAX index hit a record high of 24,161 points, exceeding 24,000 for the first time recently. This represents a 21% increase year-to-date, contrasting with declines in US markets. Investor optimism is fueled by a recent easing of US trade tensions with Europe and anticipation of US market gains.

dw.com

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May 27, 19:10

Volkswagen Managers Convicted in Dieselgate

A German court sentenced four Volkswagen managers to prison for their roles in the Dieselgate emissions scandal, marking the first such convictions in Germany after a decade-long investigation costing VW approximately €33 billion and significantly damaging the reputation of German auto manufacturing...

Volkswagen Managers Convicted in Dieselgate

A German court sentenced four Volkswagen managers to prison for their roles in the Dieselgate emissions scandal, marking the first such convictions in Germany after a decade-long investigation costing VW approximately €33 billion and significantly damaging the reputation of German auto manufacturing...

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What are the immediate consequences of the Volkswagen managers' convictions in the Dieselgate scandal for Germany's economy and reputation?

Four Volkswagen managers received prison sentences for their roles in the Dieselgate scandal, marking the first such convictions in Germany. This follows years of investigation and billions of euros in costs for VW, impacting Germany's crucial automotive industry and its 'Made in Germany' reputation. The slow legal process has raised concerns about the handling of corporate crime in Germany.

zeit.de

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May 27, 16:11

Southwest German Mechanical Engineers Anticipate Increased Short-Time Work

Facing low production capacity, around one-third of 200 surveyed mechanical engineering companies in Baden-Württemberg, Germany expect a strong increase in short-time work in the next six months; Trumpf is cutting 1000 jobs, while the sector grapples with declining orders and revenue despite a recen...

Southwest German Mechanical Engineers Anticipate Increased Short-Time Work

Facing low production capacity, around one-third of 200 surveyed mechanical engineering companies in Baden-Württemberg, Germany expect a strong increase in short-time work in the next six months; Trumpf is cutting 1000 jobs, while the sector grapples with declining orders and revenue despite a recen...

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What is the immediate impact of low production capacity on the mechanical engineering sector in Southwest Germany?

Despite a slight upturn, many mechanical engineers in Southwest Germany anticipate increased short-time work. Around one-third of companies surveyed expect a significant increase in short-time work needs in the next six months. This follows job cuts announced by several companies due to low production capacity, such as Trumpf, which is cutting 1000 jobs.

dw.com

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May 23, 16:09

Germany's 2025 Growth Forecast Revised to Zero

Germany's Council of Economic Experts slashed its 2025 growth forecast to zero, citing US trade policies, domestic financial constraints, and industrial sector weakness, leaving Germany as the only G7 nation without growth for two consecutive years.

Germany's 2025 Growth Forecast Revised to Zero

Germany's Council of Economic Experts slashed its 2025 growth forecast to zero, citing US trade policies, domestic financial constraints, and industrial sector weakness, leaving Germany as the only G7 nation without growth for two consecutive years.

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What are the primary factors contributing to Germany's revised zero-growth forecast for 2025, and what are the immediate implications for the nation?

Germany's economic growth forecast for 2025 has been revised to zero by the German Council of Economic Experts, citing a widespread weakness. This contradicts November's prediction of a 0.4% increase, leaving Germany as the only G7 nation with two consecutive years of no growth. Key factors include industrial sector turmoil, domestic financial constraints, and US trade policies.

welt.de

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May 22, 16:14

Salzgitter Rejects Takeover Bid, to Continue Green Steel Transformation

Salzgitter AG rejected a takeover bid from GP Günter Papenburg and TSR Recycling in April 2025 due to a significant valuation difference, but will maintain its business relationship with both firms; the Lower Saxony state government also opposed the bid, supporting Salzgitter's green steel transform...

Salzgitter Rejects Takeover Bid, to Continue Green Steel Transformation

Salzgitter AG rejected a takeover bid from GP Günter Papenburg and TSR Recycling in April 2025 due to a significant valuation difference, but will maintain its business relationship with both firms; the Lower Saxony state government also opposed the bid, supporting Salzgitter's green steel transform...

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Industry, Innovation, and Infrastructure

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How did the Lower Saxony state government's position and the current economic climate influence the decision-making process surrounding the takeover bid?

The rejection highlights a significant valuation gap between Salzgitter's board and the bidders. This underscores the challenges of mergers and acquisitions in the steel industry, where differing views on future growth prospects and profitability heavily influence negotiations. The Lower Saxony state government also opposed the takeover, reaffirming its commitment to Salzgitter and its green steel transformation.

welt.de

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May 27, 13:10

DAX Hits Record High Amidst Global Uncertainty

The German DAX index reached a record high of 24,161 points on Tuesday, fueled by easing trade tensions, strong corporate earnings, and a planned €500 billion German investment package, despite a weak domestic economy and ongoing geopolitical uncertainties.

DAX Hits Record High Amidst Global Uncertainty

The German DAX index reached a record high of 24,161 points on Tuesday, fueled by easing trade tensions, strong corporate earnings, and a planned €500 billion German investment package, despite a weak domestic economy and ongoing geopolitical uncertainties.

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What are the primary factors driving the DAX's record high, and what are the immediate consequences of this surge?

The DAX index hit a record high of 24,161 points on Tuesday, marking a 21% increase year-to-date despite global uncertainties and losses in US markets. This surge follows a recent trade truce between the US and Europe and positive quarterly reports from German companies.

welt.de

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May 27, 13:10

DIHK Predicts Continued German Economic Contraction

The German Industry and Commerce Chamber (DIHK) predicts a 0.3% GDP decline in 2024, citing negative business sentiment due to high costs, weak domestic demand, and uncertain US trade policy; they urge rapid government action including tax cuts and reduced bureaucracy to prevent a third consecutive ...

DIHK Predicts Continued German Economic Contraction

The German Industry and Commerce Chamber (DIHK) predicts a 0.3% GDP decline in 2024, citing negative business sentiment due to high costs, weak domestic demand, and uncertain US trade policy; they urge rapid government action including tax cuts and reduced bureaucracy to prevent a third consecutive ...

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What is the DIHK's economic forecast for Germany in 2024, and what are the key factors driving this prediction?

The German Industry and Commerce Chamber (DIHK) forecasts a 0.3 percent decrease in Germany's GDP in 2024, more pessimistic than the government or the Council of Economic Experts. A recent DIHK survey of over 23,000 businesses reveals predominantly negative sentiment, with only 25% rating their situation as good, and significant concerns over economic policy, weak domestic demand, and high costs.

sueddeutsche.de

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May 27, 16:11

German Machinery Makers Anticipate Short-Time Work Surge

A VDMA survey of approximately 200 machinery manufacturers in Baden-Württemberg reveals that roughly one-third expect a substantial rise in short-time work over the next six months due to low production capacity and market uncertainty; this follows recent job cuts by Trumpf, impacting 430 jobs in Ge...

German Machinery Makers Anticipate Short-Time Work Surge

A VDMA survey of approximately 200 machinery manufacturers in Baden-Württemberg reveals that roughly one-third expect a substantial rise in short-time work over the next six months due to low production capacity and market uncertainty; this follows recent job cuts by Trumpf, impacting 430 jobs in Ge...

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What is the immediate impact of the current economic slowdown on the machinery manufacturing sector in Baden-Württemberg, Germany?

In Baden-Württemberg, Germany, around one-third of surveyed machinery manufacturers anticipate a significant increase in short-time work over the next six months, according to a recent VDMA survey. This follows a recent announcement by Trumpf, a laser specialist, of 1000 job cuts, with 430 in Germany alone. The trend reflects low production capacity and market uncertainty.",

welt.de

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May 27, 07:10

Baden-Württemberg Businesses Show Slight Economic Stabilization, but Investment Remains Low

A survey of 3,676 Baden-Württemberg businesses from April 22 to May 13 shows slight economic stabilization, but not recovery, with 18% expecting better business, while 26% view their current situation as good. Investment remains low, with only 22% planning to increase spending, and weak domestic dem...

Baden-Württemberg Businesses Show Slight Economic Stabilization, but Investment Remains Low

A survey of 3,676 Baden-Württemberg businesses from April 22 to May 13 shows slight economic stabilization, but not recovery, with 18% expecting better business, while 26% view their current situation as good. Investment remains low, with only 22% planning to increase spending, and weak domestic dem...

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What are the key findings of the recent Baden-Württemberg business survey regarding the current economic situation and short-term prospects?

A recent survey of 3,676 Baden-Württemberg businesses reveals a slight improvement in economic outlook, with 18% expecting better business in the next year—a 2% increase from the beginning of the year. However, only 26% assess their current situation as good, down 2%.", A2="Despite a marginal increase in optimism, the overall economic situation remains strained, indicated by low investment plans: only 22% of investing companies plan to increase spending, while around one-third plan to decrease it. This reflects the persistent challenges faced by businesses.", A3="The survey highlights the need for decisive political action to create stable and competitive conditions. Businesses cite weak domestic demand, rising labor costs, and geopolitical tensions as major risks. While some sectors like financial and consulting services show strength, construction, retail, and hospitality remain particularly burdened.", Q1="What are the key findings of the recent Baden-Württemberg business survey regarding the current economic situation and short-term prospects?", Q2="How do investment plans of Baden-Württemberg businesses reflect the overall economic sentiment, and what factors are driving investment decisions?", Q3="What are the major challenges facing Baden-Württemberg businesses, and what policy measures are necessary to address them and foster sustainable economic growth?", ShortDescription="A survey of 3,676 Baden-Württemberg businesses from April 22 to May 13 shows slight economic stabilization, but not recovery, with 18% expecting better business, while 26% view their current situation as good. Investment remains low, with only 22% planning to increase spending, and weak domestic demand and geopolitical tensions are cited as major risks.", ShortTitle="Baden-Württemberg Businesses Show Slight Economic Stabilization, but Investment Remains Low"))

dw.com

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May 23, 19:14

Germany's Economy: Two Years of Recession and Uncertain Recovery

Germany's economy is shrinking for the second consecutive year, mirroring the 2011 crisis with a similar number of business closures in 2024, due to high energy prices, labor shortages, and bureaucratic costs; the new government aims for quick and sustainable improvements, but experts predict stagna...

Germany's Economy: Two Years of Recession and Uncertain Recovery

Germany's economy is shrinking for the second consecutive year, mirroring the 2011 crisis with a similar number of business closures in 2024, due to high energy prices, labor shortages, and bureaucratic costs; the new government aims for quick and sustainable improvements, but experts predict stagna...

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What are the most immediate and significant consequences of Germany's prolonged economic recession, and what specific actions are being taken to address it?

Germany's economy has contracted for two consecutive years, mirroring the 2011 financial crisis with a similar number of business closures in 2024. High energy prices severely impact energy-intensive industries. Labor shortages and high bureaucratic costs further hinder growth.

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.

Showing 25 to 36 of 463 results