German Economy Shrinks for Second Year in New Blow to Scholz
Germany’s economy shrank for a second consecutive year in 2024 and is unlikely to grow much in 2025, laying bare the challenge for the country’s new government once snap elections are held in February.
Germany’s economy shrank for the second consecutive year in 2024
The German economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery.
Germany's economy shrinks for a second year in a row as election looms
Europe's biggest economy shrank for a second year in a row in 2024, according to data released on Wednesday by the Federal Statistics Office.
Battling political crisis, Germany’s economy shrinks in 2024 for second straight year
Gross domestic product in the eurozone’s largest economy declined 0.2 percent last year, according to preliminary figures from federal statistics agency Destatis, coming after a 0.3 percent contraction in 2023.
German economy, Europe’s largest, shrinks for second straight year
Germany’s economy, the largest in Europe, contracted for the second year in a row in 2024, official data showed Wednesday, underscoring the challenges facing the region as it tries to get economic growth back on track.
German economy contracts 0.2% in 2024 in second consecutive annual slowdown
The German economy contracted by 0.2% in 2024, in the second consecutive year of declines in the annual gross domestic product of Europe’s largest economy.
China’s top exporting regions pare back GDP targets under shadow of tariff threats
Shanghai and Guangdong, two of China’s major exporting regions, have set modest growth targets as leaders warn of ‘external ...
Copper giant Peru sees economy expand for eighth straight month
Peru's gross domestic product expanded 3.93% in November compared with the same month of 2023, marking the eighth-consecutive ...
Reeves looking at regulatory reforms in search for economic growth
Chancellor Rachel Reeves said she wanted to ‘tackle the barriers to investment’ ahead of the latest monthly GDP figures and a ...
Going big on 2025 GDP, major Chinese local-level economies unveil ambitious targets
Bold goals for local gross domestic product growth seen as shoring up confidence early while lining up with China’s long-term ...
HSBC forecasts Vietnam 2025 GDP growth at 6.5%, inflation at 3.0%
Vietnam's gross domestic product is forecast to grow 6.5% this year, compared with 7.09% last year, with inflation expected ...