Tag #German Economy

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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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Reduced Inequality

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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.

sueddeutsche.de

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Feb 3, 19:11

IG Metall Demands €600 Billion Investment Boost for German Economy

The IG Metall union demands €600 billion in infrastructure investment from Germany's next federal government to address a 20-year backlog and revitalize the economy, criticizing the CDU's recent collaboration with the AfD on migration policy.

IG Metall Demands €600 Billion Investment Boost for German Economy

The IG Metall union demands €600 billion in infrastructure investment from Germany's next federal government to address a 20-year backlog and revitalize the economy, criticizing the CDU's recent collaboration with the AfD on migration policy.

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How does the IG Metall's call for infrastructure investment connect to the broader issues of Germany's economic transformation and its political landscape?

The union's call for €600 billion in infrastructure investment over ten years highlights a critical backlog. This demand underscores concerns about the deteriorating state of Germany's infrastructure—roads, bridges, and railways—and the necessity of reforming the debt brake to achieve this. The union links economic revitalization directly to sufficient investment in infrastructure and social programs.

cnbc.com

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Jan 31, 10:10

Orsted CEO Steps Down Amidst Industry Challenges

Orsted announced CEO Mads Nipper's resignation, effective February 1st, due to the increasingly challenging offshore wind market, including supply chain issues, interest rate hikes, and regulatory changes; he will be replaced by Rasmus Errboe.

Orsted CEO Steps Down Amidst Industry Challenges

Orsted announced CEO Mads Nipper's resignation, effective February 1st, due to the increasingly challenging offshore wind market, including supply chain issues, interest rate hikes, and regulatory changes; he will be replaced by Rasmus Errboe.

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Affordable and Clean Energy

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How do the challenges faced by Orsted reflect broader trends and systemic issues within the renewable energy sector?

Orsted's leadership change highlights the offshore wind industry's increasing difficulties. The $1.7 billion impairment and Nipper's departure reflect the impact of supply chain bottlenecks, rising interest rates, and a shifting regulatory environment on Orsted's business.

welt.de

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Jan 30, 19:10

Germany's Migration Debate Hinders Economic Growth

Northern German businesses warn against an undifferentiated debate on migration, highlighting a critical labor shortage projected to reach 200,000 by 2040, hampered by slow integration processes and recent violent crimes committed by immigrants.

Germany's Migration Debate Hinders Economic Growth

Northern German businesses warn against an undifferentiated debate on migration, highlighting a critical labor shortage projected to reach 200,000 by 2040, hampered by slow integration processes and recent violent crimes committed by immigrants.

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Decent Work and Economic Growth

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What are the immediate economic consequences of Germany's slow integration of immigrants into the workforce?

The northern German economy is facing a severe shortage of skilled workers, projected to reach 200,000 by 2040. This is exacerbated by bureaucratic hurdles slowing the integration of immigrants into the workforce, despite their potential to fill this gap. The current political debate surrounding migration, fueled by recent violent crimes committed by immigrants, is hindering efforts to address this critical labor shortage.",

dw.com

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Jan 29, 13:10

Germany's Economic Crisis: A Looming Election

Germany's economy is facing a severe crisis, with shrinking production, rising unemployment, and businesses relocating abroad due to high energy costs, excessive bureaucracy, and inflexible labor laws; the upcoming election will determine the country's economic future.

Germany's Economic Crisis: A Looming Election

Germany's economy is facing a severe crisis, with shrinking production, rising unemployment, and businesses relocating abroad due to high energy costs, excessive bureaucracy, and inflexible labor laws; the upcoming election will determine the country's economic future.

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Decent Work and Economic Growth

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What immediate steps must Germany's next government take to address its shrinking economy and regain global competitiveness?

Germany's economy is shrinking, with unemployment rising and investors moving away due to high energy costs, excessive bureaucracy (€65 billion annually), and inflexible labor laws. This has led to reduced production, fewer exports, and a decline in Germany's global competitiveness.

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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Decent Work and Economic Growth

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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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Decent Work and Economic Growth

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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.

faz.net

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Jan 31, 19:08

Commerzbank's Record Profit Defends Against Unicredit Takeover

Commerzbank reported record 2024 net profit of €2.7 billion, exceeding expectations, leading to a €0.65 dividend per share, a €400 million share buyback plan, and a boosted share price amidst a hostile takeover bid by Unicredit.

Commerzbank's Record Profit Defends Against Unicredit Takeover

Commerzbank reported record 2024 net profit of €2.7 billion, exceeding expectations, leading to a €0.65 dividend per share, a €400 million share buyback plan, and a boosted share price amidst a hostile takeover bid by Unicredit.

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Decent Work and Economic Growth

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What is the significance of Commerzbank's record profit and dividend announcement in the context of Unicredit's hostile takeover bid?

Commerzbank announced a record €2.7 billion net profit for 2024, exceeding analyst expectations and resulting in a surprisingly high dividend of €0.65 per share. This announcement, coupled with a planned share buyback of up to €400 million, significantly boosted the bank's share price.

zeit.de

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Jan 31, 16:08

Schleswig-Holstein Debates Economic Stimulus Strategies

The Schleswig-Holstein state parliament debated proposals to revive the economy, with the SPD pushing for increased state investment and the FDP advocating for business deregulation, highlighting disagreements on how to best address economic challenges and boost growth.

Schleswig-Holstein Debates Economic Stimulus Strategies

The Schleswig-Holstein state parliament debated proposals to revive the economy, with the SPD pushing for increased state investment and the FDP advocating for business deregulation, highlighting disagreements on how to best address economic challenges and boost growth.

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Decent Work and Economic Growth

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What are the underlying causes of the economic challenges facing Schleswig-Holstein, and how do the proposed solutions address these root causes?

The debate highlights contrasting approaches to economic stimulus: the SPD's focus on state-led investment and the FDP's preference for deregulation. Underlying concerns include a potential loss of prosperity and the need for growth, prompting proposals for tax credits and bureaucracy reduction.

zeit.de

🌐 75% Global Worthiness

Jan 30, 19:10

Continental to Close Contitech Plants, 580 Job Losses in Germany

Continental is closing multiple Contitech plants across four German states, impacting 580 jobs (58 in Saxony) due to declining demand in the automotive and brown coal sectors, with plans to consolidate operations and relocate production lines.

Continental to Close Contitech Plants, 580 Job Losses in Germany

Continental is closing multiple Contitech plants across four German states, impacting 580 jobs (58 in Saxony) due to declining demand in the automotive and brown coal sectors, with plans to consolidate operations and relocate production lines.

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Decent Work and Economic Growth

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What is the immediate impact of Continental's plant closures on employment in Germany and what are the reasons cited for this decision?

Continental, a German automotive supplier, is closing several Contitech plants affecting 580 jobs due to the ongoing automotive industry crisis. 58 of these jobs are in Saxony, with affected plants in Frohburg and Geithain producing plastic production tools. Other locations in Thuringia, Lower Saxony, and North Rhine-Westphalia are also impacted.

faz.net

🌐 85% Global Worthiness

Jan 29, 16:12

Germany's Stagnant Economy: Debt Brake, Low Productivity, and the Threat to Democracy

Germany's economy is stagnating due to the debt brake, according to Minister Habeck, leading to underinvestment and low productivity. The government proposes reforms to increase public investment and address high tax burdens.

Germany's Stagnant Economy: Debt Brake, Low Productivity, and the Threat to Democracy

Germany's economy is stagnating due to the debt brake, according to Minister Habeck, leading to underinvestment and low productivity. The government proposes reforms to increase public investment and address high tax burdens.

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Decent Work and Economic Growth

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How do factors like low productivity, high tax burden, and demographic shifts contribute to Germany's current economic challenges?

The debt brake, while intended to control debt, is hindering economic growth, according to the report. This stagnation is exacerbated by low productivity, high taxes (second highest among industrialized nations), and demographic changes increasing pressure on social security systems. The government proposes changes to the debt brake to allow increased public investment.

Showing 361 to 372 of 525 results