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Home Germany

How the German economy went from bad to worse

October 15, 2024
in Germany
How the German economy went from bad to worse
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It was with Teutonic understatement that Robert Habeck noted economic conditions were “not satisfactory”. Germany’s economy minister was speaking on October 9th, just after official forecasts for the year had been revised from growth of 0.3% to a contraction of 0.2%. This would follow a 0.3% decline in output last year, meaning that Germany faces its first two-year recession in more than two decades.

Source link : https://www.economist.com/finance-and-economics/2024/10/15/how-the-german-economy-went-from-bad-to-worse

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Publish date : 2024-10-15 17:11:00

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