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In October 2023, Economy Minister Robert Habeck called for more immigration to Germany, saying the shortage of skilled workers was the country's "most pressing structural problem". [173] Net immigration to Germany was 663,000 in 2023, down from a record 1,462,000 in 2022.
The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much ...
Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. Germany’s normally stable government ...
The Federal Government [1] [2] (German: Bundesregierung (BReg) [3] pronounced [ˈbʊndəsʁeˌɡiːʁʊŋ] ⓘ) is the chief executive body of the Federal Republic of Germany and exercises executive power at the federal level.
Since 2009, Germany has a balanced budget amendment in its Constitution, the so-called "debt brake" (Schuldenbremse in German), which restricts annual structural deficits to 0.35% of GDP. [ 5 ] [ 6 ] [ 7 ] If a natural disaster or extraordinary emergency exists, the debt brake may be temporarily suspended for a budget year by a majority vote in ...
The debt limits were enacted in 2009 after the government piled up debt paying to rebuild former East Germany after Germany reunified at the end of the Cold War and when tax revenue dropped during ...
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
Germany's governing coalition reached a deal Wednesday to resolve a budget crisis triggered by a court ruling last month, agreeing to cut some subsidies and spending while stressing that Berlin ...