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  Europe's biggest economy has continued to shrink amid crises, inflation and lacking investment. Economists have warned the outlook for 2024 does not look much better. A reduced demand for German exports, especially in China, has taken its toll on the national economy Germany's gross domestic product (GDP) fell by 0.3% in the last quarter of 2023, the Federal Statistical Office (Destatis) reported on Tuesday, confirming their previous estimates. Facing high inflation, high interest rates, a low demand for German exports and a series of strikes, Europe's largest economy saw its GDP also fall 0.3% for the entire year of 2023, according to the preliminary government data. Germany is also expected to face a rough 2024, with economists predicting further shrinking in the first quarter of this year. "The German economy has not grown for almost two years and there is no turnaround in sight," Sebastian Dullien from the IMK Institute told Reuter...

It's been official since Monday: Germany's stagnation is below average European economic growth. Ironically, the largest economy in the euro area pulls the overall balance down. It can't stay that way. Employer President Rainer Dulger has found an apt picture of the state of the German economy . One can imagine the economy like Gulliver tied up with many thin threads - a strong giant tied up with many bureaucratic obstacles. Every single thread cannot harm the giant. All in all, however, they make him unable to move. It is not only the bureaucratic obstacles that ensure that Germany is currently being passed to the bottom of the table in Europe. All other problems are well known: The German economy also lacks a reliable infrastructure - both for transport and for the digital world. A boost and new economic growth also require affordable energy prices, more skilled workers from Germany and abroad, and planning security. These findings are not new. Unfortunately,...

The stability of the German economy has long been recognized as a pillar of strength within Europe. However, recent developments have sent shockwaves through financial circles, raising concerns of a potential stock market crash. With signs of economic vulnerability emerging, it is essential to understand the underlying factors that have contributed to this alarming situation. In this article, we delve into the issues at hand and explore the potential consequences for both Germany and the global economy. A Fragile Economic Landscape: The German economy, often considered the backbone of the European Union, is currently navigating a landscape fraught with uncertainty. Several factors have combined to create an atmosphere of apprehension among investors and economists alike. First and foremost, the ongoing geopolitical tensions and trade disputes have disrupted international markets, impacting Germany's export-dependent industries. Additionally, the persistent challenges po...

 The short-term outlook for Europe’s largest economy has improved in recent months, a report by the German Council of Economic Experts said on Wednesday, but only to a limited degree. The panel said any upswing looks set to be limited by rampant inflation , tighter financing conditions and sluggish foreign demand. What the experts said The short-term outlook for the German economy has brightened slightly because of an initially stabilized energy supply situation and lower wholesale prices, the report said. The council predicted Gross Domestic Product (GDP) growth of 0.2% in 2023, compared with its previous prediction that it would decline — also by 0.2%. The five experts who compiled the report said they expected growth of 1.3% in 2024. However, they said, the continued upward path of inflation was causing a loss of purchasing power and dampening consumer demand. Meanwhile, rising interest rates worsen financing conditions and were leading to a decline in investments. Altho...

Sieht Reformbedarf: der Wirtschaftsweise Martin Werding Schluss mit der riesigen Extrawurst für Beamte im Ruhestand! Das fordert jetzt der Ökonom und Wirtschaftsweise Martin Werding (58). „Die Beamtenversorgung im Alter ist langfristig nicht tragfähig“, sagte er zu BILD. Vor allem bei den Bundesländern hätten sich große Pensionsansprüche angehäuft, die nicht ausreichend durch Rücklagen gedeckt seien. Werding warnt: „Da kommt ein großes Problem auf uns zu!“ Tatsächlich lasten die Pensions-Ausgaben schwer auf der Staatskasse. ► Die jährlichen Ausgaben des Staates für die Beamtenpensionen haben sich seit 2002 von 42,9 Milliarden Euro auf 75,2 Milliarden Euro im vergangenen Jahr fast verdoppelt. Zu diesem Ergebnis kommt eine Berechnung der Universität Freiburg. ► Auch in Zukunft werden die Ruhestandsgehälter der Staatsdiener den Steuerzahler viel Geld kosten. Insgesamt haben Bund, Länder und Kommunen mittlerweile Pensionszusagen in Höhe von 4,3 Billionen Euro angehäuft. In manchen Bundes...