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The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leading to ...
Germany is midway through a four-year real estate crisis that will lead to more losses and distressed sales of unwanted properties, the head of Commerzbank's real estate business told Reuters. The ...
European car sales fell 7.8% in May compared with a year earlier. [3] Retail sales fell by 0.6% in June from the May level and by 3.1% from June in the previous year. Germany was the only country out of the four biggest economies in the eurozone to register an increase of activity in July though the increase was sharply down.
Industrial production in Europe’s biggest economy fell 1.5% in June compared with May, driven by a 3.5% drop in Germany’s vast automotive sector.
An Introduction to the Social and Economic History of Germany: Politics and Economic Change in the Nineteenth and Twentieth Centuries(1978) Brinkmann, Carl. "The Place of Germany in the Economic History of the Nineteenth Century". Economic History Review 4#2 (1933), pp 129–146. online.
In addition to losing customers in its own continent, Germany is likely to lose out in its other export markets to BYD cars, accelerating its movement towards a more import-intensive trading dynamic.
Before 2019, the U.S. was seen as a last resort for consumer spending during a global recession, but after 2020, U.S. exports have contributed to foreign inflation. At the same time, energy prices have gone up as well as the value of the U.S. dollar, which both increased monetary pressures on nations that mostly rely on energy imports.
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