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    German economy in stormy waters as government slashes forecast

    21 Feb 2024

    The German government expects the economy to grow 0.2% this year, far less than a previously forecast 1.3%, as weak global demand, geopolitical uncertainty and persistently high inflation dent hopes for a swift rebound. The revised forecast was approved by the cabinet on

    Inflation down in 6 German states in January, pointing to national decline

    31 Jan 2024

    Inflation fell in six economically important German states in January, preliminary data showed on Wednesday, suggesting that national inflation has resumed its downward trajectory and raising hopes for a decline in eurozone inflation.

    German economy ‘flirts with recession’ as output stagnates

    14 Feb 2020

    The German economy stagnated in the fourth quarter due to weaker private consumption and state spending, data showed on Friday, renewing fears of a recession just as Chancellor Angela Merkel’s conservatives are preoccupied with a search for a new leader.

    German business morale rises in February, easing recession fears

    24 Feb 2020

    German business morale rose unexpectedly in February, a survey showed on Monday, easing recession fears in Europe’s largest economy and reflecting a slight improvement in its manufacturing sector, which has been struggling with falling exports.

    Europe’s top economies falter as coronavirus clouds outlook

    07 Feb 2020

    Tumbling industrial production in Germany and France in December rounded off a year blighted by trade war tensions for Europe’s top economies, official data showed on Friday, while the novel coronavirus outbreak threatens hopes of a 2020 revival.

    German tax revenues fall 23.5 per cent due to coronavirus pandemic

    22 May 2020

    Europe's largest economy is facing its most severe recession since World War Two as measures to prevent the disease have hampered public life and business. Early indicators show that the situation will likely remain difficult over the next months, the ministry said.

    Lufthansa secures $9.8 billion German state rescue package

    25 May 2020

    The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.

    Germany plans to inject up to $7.57 billion in rail operator

    11 May 2020

    Germany plans to inject up to 7 billion euros ($7.57 billion) into Deutsche Bahn as a part of a rescue plan for the state-owned rail operator.

    Germany’s exports fall by 11.8% as coronavirus woes hit demand

    08 May 2020

    Germany’s exports fell by 11.8% in March, their steepest drop since current records began in 1990, as the coronavirus crisis reduced demand for goods from Europe’s biggest economy, the Federal Statistics Office said on Friday.

    German business morale brightens in July for the third month in a row

    27 Jul 2020

    German business morale improved further in July after posting a record increase in June, a survey showed on Monday, suggesting that firms expect Europe’s largest economy to recover from the coronavirus shock if a second wave of infections is avoided.

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