German economy shrank 0.2% in Q4, worse than expected
1 year, 10 months ago

German economy shrank 0.2% in Q4, worse than expected

Associated Press  

BERLIN — Germany’s economy shrank by 0.2% in the fourth quarter compared with the previous three-month period, official figures showed Monday. In the fourth quarter, “surging inflation weighed on consumers’ real purchasing power and concerns abounded about a possible acute gas shortage during the winter,” Timo Klein, principal economist at S&P Global Market Intelligence, wrote in a research note. Germany’s annual inflation rate rolled back from a peak of 10.4% in October to 8.6% in December, but galloping prices remain a major headache for consumers whose money isn’t going as far. European Union’s statistics agency, Eurostat, will release fourth-quarter economic growth figures for the entire eurozone on Tuesday and January inflation figures on Wednesday.

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History of this topic

5.4%: Q2 GDP growth slowest in seven quarters
3 weeks, 3 days ago

5.4%: Q2 GDP growth slowest in seven quarters

Hindustan Times  

India’s economy expanded at a lower-than-expected 5.4% in the three months ended September, with sluggish growth in manufacturing and private consumption, a reflection of weak demand because of high borrowing costs, inflation and weak real wage growth. The headline GDP growth number is 1.3 percentage points lower than the June quarter print and the lowest in seven quarters, since the …

Q2 GDP growth falls to 5.4 per cent, lowest in seven quarters
3 weeks, 4 days ago

Q2 GDP growth falls to 5.4 per cent, lowest in seven quarters

New Indian Express  

The second quarter GDP numbers sprang a negative surprise with real GDP registering a 5.4 per cent growth against 6.7 per cent in the first quarter due to sluggish manufacturing and private consumption. Private final consumption grew at 6 per cent during the quarter, lower than the 7.4 per cent growth recorded during the first quarter. The consumption slowdown was …

Economic growth hits 0.8% in Q3, ahead of eurozone and US
1 month, 1 week ago

Economic growth hits 0.8% in Q3, ahead of eurozone and US

Dutch News  

The Dutch economy grew by an estimated 0.8% in the third quarter of this year when compared with the second, national statistics agency CBS said on Thursday. Economic growth was also up 1.1% in the second quarter, an upward revision of 0.1 percentage point on the earlier estimate. Higher government and consumer spending are behind the increase, chief economist Peter …

Germany narrowly avoids recession after interest rate cut
1 month, 3 weeks ago

Germany narrowly avoids recession after interest rate cut

The Telegraph  

“The pandemic and the war in Ukraine have accelerated the structural weakness but are not the original reasons for the current situation. In a world in which – at least, in manufacturing – China has become the new Germany, Germany’s old business model of cheap energy and easily accessible large export markets is no longer working,” he said. France’s growth …

Europe’s growth lags US again, as Germany remains the eurozone’s economic problem child
4 months, 3 weeks ago

Europe’s growth lags US again, as Germany remains the eurozone’s economic problem child

Associated Press  

FRANKFURT, Germany — Europe’s economy saw modest growth in the April-June quarter even as the U.S. outperformed expectations, highlighting a persistent transatlantic growth gap. Europe’s growth is also held back by longer-term factors such as higher taxation and burdensome regulation that will mean average annual real GDP growth rates at least one percentage point lower than in the U.S., said …

Europe’s economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease
7 months, 3 weeks ago

Europe’s economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease

Associated Press  

FRANKFURT, Germany — Europe’s economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter compared to the last three months of 2023 as the inflation burden on consumers eased and the stagnating German economy, the continent’s biggest, started to show modest signs of life. The 20-country eurozone recorded its strongest performance since the …

Gloom settles over Germany’s economy, with businesses downbeat about the coming months
10 months ago

Gloom settles over Germany’s economy, with businesses downbeat about the coming months

Associated Press  

FRANKFURT, Germany — Germany’s businesses remain mired in pessimism, a key survey showed Friday, as Europe’s largest economy struggles with shortages of skilled labor, slower global trade, high interest rates and political squabbling. The closely watched Ifo institute survey of business sentiment rose only slightly to 85.5 points in February from 85.2 points in January due to “slightly less pessimistic …

Germany says Europe’s largest economy is in ‘troubled waters’ and cuts its growth forecast
10 months ago

Germany says Europe’s largest economy is in ‘troubled waters’ and cuts its growth forecast

Associated Press  

FRANKFURT, Germany — The German government said Europe’s largest economy was in “troubled waters” and slashed its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects — while a relatively modest set of tax breaks for business remains blocked in the legislature. “The economy …

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy
10 months, 1 week ago

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy

CNN  

Hong Kong/Tokyo CNN — Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. What’s more, the Bank of Japan’s Tankan survey showed that business conditions across all industries and firm sizes were the strongest they’ve been since the fourth …

German economy limps into 2024 as business sentiment falls
10 months, 4 weeks ago

German economy limps into 2024 as business sentiment falls

Live Mint  

Berlin: German business morale unexpectedly worsened in January, declining for the second month in a row as Europe's largest economy struggles to shake off a recession and short-lived optimism gives way to fears of another weak year. As trade disruptions caused by Houthi attacks on shipping in the Red Sea bring fresh concerns for Germany's export industry, the closely watched …

Europe’s biggest economy shrank last year as Germany struggles with multiple crises
11 months, 1 week ago

Europe’s biggest economy shrank last year as Germany struggles with multiple crises

Associated Press  

FRANKFURT, Germany — Germany’s economy shrank 0.3% last year as Europe’s former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labor and a homegrown budget crisis. The International Monetary Fund expected Germany to be the worst-performing major developed economy last year, a major turnaround from its place as a model for how to expand when other …

Germany’s economy seen shrinking again in the current quarter as business confidence declines
1 year ago

Germany’s economy seen shrinking again in the current quarter as business confidence declines

Associated Press  

BERLIN — Germany’s economy is likely to shrink again slightly in the current fourth quarter, the country’s central bank said Monday, while a survey showed business confidence retreating unexpectedly. The Bundesbank said in its monthly report that “real gross domestic product in Germany is likely to decline again slightly in the fourth quarter of 2023” as a result of weak …

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
1 year ago

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

Associated Press  

LONDON — Europeans again saw some relief as inflation dropped more than expected to 2.4% in November, the lowest in over two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy’s ability to grow. The new figure is close to the European Central Bank’s inflation target of 2% following a rapid series …

Germany, now the world’s worst-performing major economy, grapples with a budget crisis
1 year ago

Germany, now the world’s worst-performing major economy, grapples with a budget crisis

LA Times  

German Chancellor Olaf Scholz delivers a speech on the government’s budget crisis at the Parliament in Berlin. Chancellor Olaf Scholz vowed recently that his government would work “as fast as possible” to lay out how to solve Germany’s budget crisis, but he offered few details on how he would achieve his goals of promoting clean energy after a court decision …

Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy
1 year, 1 month ago

Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The European Central Bank is …

German economy sinking in recession in 2023, predicts European Commission
1 year, 3 months ago

German economy sinking in recession in 2023, predicts European Commission

Live Mint  

Bearing the brunt of high inflation driven by factors like Russia-Ukraine crisis, German economy is expected to contract in 2023, predicted European Commission on Monday. The recent cut in forecast has come at a time when Euro's biggest economy is facing high inflation and the spill over effect of Russia-Ukraine war. Euro zone expected to grow slower, says EC The …

German central bank sees the economy stagnating again in the 3rd quarter
1 year, 4 months ago

German central bank sees the economy stagnating again in the 3rd quarter

Associated Press  

BERLIN — Germany’s central bank anticipates that the country’s economy, Europe’s biggest, will be more or less stagnant again in the current quarter — adding to a string of weak performances. German gross domestic product stagnated in the second quarter after declining in both of the two previous quarters as the country struggled with high energy prices, rising borrowing costs …

Germany used to be the world’s export powerhouse. Now, it’s not growing. What happened?
1 year, 4 months ago

Germany used to be the world’s export powerhouse. Now, it’s not growing. What happened?

Associated Press  

FRANKFURT, Germany — The German economy is still failing to grow, figures showed Friday, as the country that should be the industrial powerhouse for all of Europe struggles with high energy prices, rising borrowing costs and a lagging rebound from key trading partner China. It comes after the International Monetary Fund forecast this week that Germany would be the globe’s …

Germany used to be the world's export powerhouse. Now, it's not growing. What happened?
1 year, 4 months ago

Germany used to be the world's export powerhouse. Now, it's not growing. What happened?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The German economy is still …

British economy will outperform Germany this year, IMF admits
1 year, 4 months ago

British economy will outperform Germany this year, IMF admits

The Telegraph  

Britain will outperform Germany this year, according to the International Monetary Fund, after its worst fears for the UK economy failed to materialize. The IMF expects the UK economy to grow by 0.4pc this year, it said on Tuesday, confirming predictions published in May as part of its annual economic healthcheck. The IMF said the Windsor Framework agreement announced by …

Europe’s economy shrank. For households that are hurting, it’s just numbers
1 year, 6 months ago

Europe’s economy shrank. For households that are hurting, it’s just numbers

Associated Press  

LONDON — The European economy contracted slightly at the end of last year and beginning of 2023, revised figures showed Thursday, underlining the impact of the loss of Russian natural gas and high inflation on consumer spending. “Maybe before I used to buy more products I didn’t need, like potato chips for example,” Milo Taneron, a 26-year-old youth social worker, …

Eurozone, 20 countries that use euro currency, slips into recession as GDP falls by 0.1%
1 year, 6 months ago

Eurozone, 20 countries that use euro currency, slips into recession as GDP falls by 0.1%

India TV News  

The European economy contracted slightly at the end of last year and beginning of 2023, revised figures showed Thursday, underlining the impact of the loss of Russian natural gas and high inflation on consumer spending. The last update from the euro area business cycle dating committee, which was released on March 27 and only dealt with data through the end …

German inflation slows to 6.1% in May, though food prices are still surging
1 year, 6 months ago

German inflation slows to 6.1% in May, though food prices are still surging

Associated Press  

BERLIN — German inflation eased to 6.1% in May following several months of declines, even as Europe’s biggest economy registered another painful increase in food prices of nearly 15%. Increases in energy prices, which drove inflation immediately after Russia’s invasion of Ukraine last year, were much lower in May at 2.6% — in part because of the sharp rises a …

Germany economy shrinks in first quarter, signaling one definition of recession
1 year, 6 months ago

Germany economy shrinks in first quarter, signaling one definition of recession

Associated Press  

BERLIN — The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. Two consecutive quarters of contraction is a common definition of recession, though economists on the euro area business cycle dating committee use a broader set of data, including employment figures. Employment in the …

Europe's largest economy succumbs, Germany declares recession
1 year, 6 months ago

Europe's largest economy succumbs, Germany declares recession

Firstpost  

Germany slipped into recession after its economy shrank in the first three months of 2023, marking the second quarter of contraction, country’s statistical office said on Thursday. The gross domestic product of Europe’s largest economy declined by 0.3 per cent in the period from January to March. Initial estimates had indicated that the GDP would remain stagnant at zero growth, …

Germany's GDP shrinks by 0.3% in first quarter to put Europe's biggest economy into recession
1 year, 6 months ago

Germany's GDP shrinks by 0.3% in first quarter to put Europe's biggest economy into recession

The Hindu  

New figures show the German economy suffered an unexpected dip in the first quarter of this year, putting the country formally into recession. Data released May 25 by the Federal Statistical Office shows Germany's gross domestic product, or GDP, down by 0.3% in the period from January to March. The figures are a blow to the German Government, which last …

Europe’s economy barely grows as inflation pinches consumers
1 year, 7 months ago

Europe’s economy barely grows as inflation pinches consumers

Associated Press  

FRANKFURT, Germany — The European economy scraped out meager growth in the first three months of the year, barely gaining momentum as stubborn inflation raises the price of groceries and erodes people’s willingness to spend paychecks that are failing to keep pace. Friday’s less-than-stellar increase of 0.1% from the previous quarter follows disappointing growth estimates from the U.S., which kept …

German government doubles 2023 growth forecast to 0.4%
1 year, 7 months ago

German government doubles 2023 growth forecast to 0.4%

Associated Press  

BERLIN — The German government on Wednesday doubled its growth forecast this year for Europe’s largest economy after the country made it through the winter without major energy problems. The new government outlook for 2023 is a bit more optimistic than that of a group of four leading German economic research institutes, which earlier this month forecast growth of 0.3%. …

German inflation hits 7.9% in 2022, highest in over 70 years
1 year, 11 months ago

German inflation hits 7.9% in 2022, highest in over 70 years

Associated Press  

BERLIN — Germany has recorded its highest annual inflation in more than 70 years, according to preliminary data released Tuesday by the country’s Federal Statistical Office. Surging energy and food prices due to Russia’s attack on Ukraine saw full-year inflation reach 7.9% in 2022. The last time annual inflation was near that level was in 1951, when it stood at …

German economy to shrink in 2023, government advisers expect
2 years, 1 month ago

German economy to shrink in 2023, government advisers expect

Associated Press  

BERLIN — The German government’s panel of independent economic advisers forecast Wednesday that Europe’s biggest economy will shrink by 0.2% next year. But a weak winter, with gross domestic product declining in the last months of the year and in the first three months of next year, is still widely expected. The advisers’ forecast of 1.7% growth this year and …

Germany sees unexpected growth in 3rd quarter; inflation up
2 years, 1 month ago

Germany sees unexpected growth in 3rd quarter; inflation up

Associated Press  

BERLIN — The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed Friday. “The German economy managed to hold its ground despite difficult framework conditions of the global economy, with the continuing COVID-19 pandemic, supply chain interruptions, rising prices and the war in Ukraine,” the statistics office said. “Looking ahead, …

German government: Economy to shrink in 2023 as war bites
2 years, 2 months ago

German government: Economy to shrink in 2023 as war bites

Associated Press  

BERLIN — The German government on Wednesday slashed its growth forecast for this year and predicted that Europe’s biggest economy would shrink in 2023 as it deals with the fallout from Russia’s war in Ukraine, including Moscow cutting off natural gas supplies. Habeck said that despite the grim growth projections, employment would likely remain “robust.” Russian imports once accounted for …

Europe's largest economy Germany will fall into recession in 2023: OCED
2 years, 2 months ago

Europe's largest economy Germany will fall into recession in 2023: OCED

Firstpost  

Germany is facing soaring inflation, particularly in energy prices, after Russia cut gas supplies through the Nord Stream pipeline as tensions mount over the Ukraine war New Delhi: Europe’s largest economy Germany will fall into recession in 2023, the Organisation for Economic Co-operation and Development said on Monday. “Pessimism regarding the coming months has grown decidedly.” Energy prices spike as …

Germany: Recession clouds gather in Europe's largest economy
2 years, 2 months ago

Germany: Recession clouds gather in Europe's largest economy

Firstpost  

Germany’s key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs on businesses Frankfurt: Europe’s largest economy is sending recession signals. Germany’s key future indicator, the IFO survey of business confidence, pointed down for the …

Germany slumps into second recession, says Bundesbank
2 years, 10 months ago

Germany slumps into second recession, says Bundesbank

The Telegraph  

Officials warned that labour shortages were “markedly” blighting activity across the economy. The Bundesbank’s monthly report said: “In contrast to previous waves of the pandemic, it’s not just the services sector that’s hit by restrictions and adapted behaviour.” However, despite the gloomy assessment, recent business surveys suggest German business activity picked up sharply this month. Phil Smith from IHS Markit …

Growth slows at end of 2021 in 19 countries that use euro
2 years, 10 months ago

Growth slows at end of 2021 in 19 countries that use euro

Associated Press  

FRANKFURT, Germany — The European economy slowed noticeably at the end of last year as surging COVID-19 cases driven by the omicron variant piled on top of supply shortages and rising energy prices that dented consumer purchasing power. In the 19 countries that use the euro, growth in the last three months of 2021 came in at 0.3%, the European …

Omicron leaves Germany on brink of recession as growth dips
2 years, 11 months ago

Omicron leaves Germany on brink of recession as growth dips

Associated Press  

FRANKFURT, Germany — The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of COVID-19’s omicron variant deterring people from shopping and travel and supply bottlenecks holding back manufacturers. Forecasts are also shaky for the first three months …

German economy still smaller than pre-pandemic size after omicron reversal
2 years, 11 months ago

German economy still smaller than pre-pandemic size after omicron reversal

The Telegraph  

Germany’s economy went into reverse at the end of 2021, as omicron combined with supply shortages left the industrial powerhouse further away from returning to its pre-Covid size. “No other eurozone country suffered as much as the German economy amid a series of supply chain frictions,” he said. “Industrial production has basically stagnated since spring last year, despite richly filled …

EU Q2 GDP grew by 13% compared to same period last year
3 years, 4 months ago

EU Q2 GDP grew by 13% compared to same period last year

CNN  

London CNN Business — European economies posted stronger than expected growth in the second quarter, with consumer and business confidence booming as Covid-19 restrictions were eased. GDP across the European Union rose by 13.2% compared with the same period last year, and by 1.9% compared with the previous quarter, according to a preliminary estimate published Friday by the EU statistics …

Germany’s economy shrank 10% but the unemployment rate barely moved
4 years, 4 months ago

Germany’s economy shrank 10% but the unemployment rate barely moved

CNN  

London CNN Business — Europe’s largest economy suffered its worst slump on record in the second quarter, as the coronavirus pandemic took a heavy toll on exports and consumer spending. Despite the historic collapse in German GDP, the unemployment rate in the world’s fourth biggest economy ticked just a few notches higher — thanks to a short-time workprogram that has …

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