US EditionGermany's Economic Slump Not yet over as Economy Shrinks Unexpectedly
- Germany's economy shrank by 0.1 percent in the second quarter, according to preliminary data from the Federal Statistical Office , following a previous expansion of 0.3 percent in the first quarter.
- Investments in machinery and construction fell, contributing to the economic contraction, while government and household consumption provided some support, as noted by Destatis.
- U.S. tariffs have negatively affected Germany's export-reliant economy, with analysts predicting that the trend could continue into the third quarter.
- Despite the downturn, some analysts, including Geraldine Dany-Knedlik from the German Institute for Economic Research, believe the recovery is not entirely derailed, citing positive signs in business sentiment.
26 Articles
26 Articles
The German economy has shrunk again in the past quarter. The car industry has recorded significant cuts in sales and profits. Employees are supposed to pay with loss of their jobs.
Despite all the seemingly compulsive efforts by Chancellor Merz and the German government to convey a positive economic mood, the German economy simply refuses to play ball. "Citizens, we have shrunk the economy" seems to be the government's motto. The German economic engine now seems to prefer reverse gear. Economic growth in the second quarter once again turned into "negative growth" – a euphemistic, modern-day newspeak term that doesn't sound…
German economy shrinks again in Q2 amid U.S. trade pressure
The German economy shrank by 0.1 percent in the second quarter compared to the previous quarter.
The German economy shrunk in the second quarter. The Federal Statistical Office reported this estimate on Wednesday. Gross domestic product fell ... The post Knappes Minus: German economy shrinks again appeared first on Apollo News.
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- 56% of the sources lean Left
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