Germany cuts GDP forecast to just 0.3% for 2025
The German government slashed its gross domestic product expectations Wednesday, saying it was now forecasting just 0.3% growth in 2025.
Without the migration policies since 2015, the AfD wouldn’t be anywhere near this strong,” says Vienna’s former conservative chancellor.
Election posters at a street in Duesseldorf, Germany, show the top candidates for chancellor, Robert Habeck of the Green Party, Friedrich Merz of the CDU and Olaf Scholz for the SPD, from left, prior the German federal Bundestag elections in February,
Germany has been systematically underinvesting and its restrictive fiscal policies have been a brake on growth, German Economy Minister Robert Habeck said on Wednesday. The German economy has been stagnating for a long time,
Germany’s economy minister Robert Habeck warned Europe not to become overly reliant on US energy and urged the region to stick together in response to the new Donald Trump administration.
Berlin brought down its 2025 economic growth forecast from 1.1% to 0.3%. A government report cited the collapse of the government as the main reason.
The Greens hoped that Habeck’s eloquence (and what many consider to be his handsome looks) is an asset that could push them past Scholz’s SPD into third place and even into a coalition government with Merz's Christian Democrats.
European leaders, amid the ongoing war in Ukraine and an isolationist U.S. presidency, are compelled to increase military spending due to outdated equipment and undersized forces. With Trump's call for 5% GDP spending and rising defence costs,
President Donald Trump’s high-stakes bid to use natural gas exports as leverage to expand US influence in Europe and Asia appears to be gaining early traction.Government officials and energy executives from countries such as India,
The German economy shrank by 0.2% quarter-on-quarter in fourth quarter of 2024, according to preliminary data released by Germany's statistics office Destatis.