The Local Germany

Worst of crisis now behind us, says Germany's chief banker

Sun, 21 Jun 2020 15:29:37 +0200

Germany has turned the corner on the worst of an economic crisis sparked by the coronavirus pandemic and is now on the path to recovery, the central bank chief of Europe's biggest economy said Sunday.

Coronavirus: German industry fears 'longest recession' since reunification

Thu, 05 Mar 2020 13:57:08 +0100

The economic upheaval caused by the fast-spreading coronavirus threatens to plunge Germany's crucial industrial sector into "the longest recession since reunification", a powerful industry body said Thursday.

'We can deploy this money sensibly for the future': Germany pockets billions in surpluses

Mon, 13 Jan 2020 18:15:38 +0100

Germany's government again booked a double-digit billion-euro surplus in 2019, official data showed Monday, leaving unused "fiscal space" as neighbours and institutions urged Berlin to spend more.

German jobless count 'stable' after recession warning

Fri, 03 Jan 2020 11:14:33 +0100

Germany's unemployment rate held close to historic lows in December, official data showed Friday, a relief after a second successive year squeaking by recession.

Germany blames Brexit and trade wars for failing growth prospects

Thu, 17 Oct 2019 17:26:08 +0200

Germany on Thursday slashed its growth outlook for next year, saying it expects trade conflicts, Brexit and other sources of uncertainty abroad to continue weighing on the economy.

Should Germany boost spending to help revive Europe?

Fri, 13 Sep 2019 17:05:58 +0200

Germany faced renewed pressure on Friday to boost public spending and help revive a sputtering European economy, a day after the European Central Bank warned it had reached the limit of its powers to avert recession.

'Germany will do what's needed without new debts'

Tue, 10 Sep 2019 16:21:15 +0200

German Finance Minister Olaf Scholz presented a 2020 budget that sticks to the country's longstanding no-new-debts "black zero" policy, defying speculation on financial markets that Berlin might borrow to fund investments.

'We need to stand up to crisis': Germany warns of recession

Mon, 19 Aug 2019 16:53:48 +0200

The German economy could enter a recession in the third quarter, the Bundesbank warned Monday, as the debate on government measures to support the economy swelled in Berlin.

German economy is 'down on its knees': Is a recession looming?

Wed, 14 Aug 2019 13:19:47 +0200

Germany's economy contracted in the second quarter, figures showed Wednesday, highlighting its vulnerability to trade tensions and fears of a no-deal Brexit, stoking a debate on higher government spending.

German manufacturing soars in June

Wed, 07 Aug 2013 14:58:00 +0200

German industrial production strongly rebounded in June driven by all sectors after people took advantage of the May bank holidays to extend their time off, official data showed on Wednesday.

Germany returns to growth in 2013

Mon, 18 Feb 2013 15:12:00 +0100

Germany, Europe's biggest economy, will avoid the recession that has engulfed many of its partners in the region and return to growth in the first quarter of 2013, the national Bundesbank said on Monday.

'Made in Germany' goods help dodge recession

Tue, 15 May 2012 10:38:00 +0200

Germany has avoided recession despite the resurgent eurozone debt crisis, official data showed on Tuesday, confirming the resilience of Europe's top economy to the surrounding turmoil.

Merkel: eurozone needs growth as well as cuts

Wed, 25 Apr 2012 18:55:00 +0200

German Chancellor Angela Merkel reiterated on Wednesday that the eurozone needed economic growth as well as deficit-cutting measures. Germany continued to register slight growth, while the UK slipped into recession.

Banks 'stashing money in fear of meltdown'

Thu, 19 Jan 2012 13:44:00 +0100

Germany’s economy is still in the danger zone, with banks stockpiling money in the European Central Bank (ECB) instead of lending it, Jürgen Fitschen, next in line to lead Deutsche Bank, warned on Thursday.

Economists: Germany in a recession now

Mon, 09 Jan 2012 15:40:00 +0100

As European leaders struggle to stave off a looming recession this year, Germany – the continent’s biggest and healthiest economy – is probably already in one, according to economists surveyed by Die Welt newspaper.

Germany to 'escape recession' in 2012

Wed, 04 Jan 2012 12:56:00 +0100

Germany will escape recession this year despite the ongoing eurozone debt crisis and return to solid growth in 2013, one of the country's top institutes said Wednesday.

Economy steams towards record growth

Thu, 14 Oct 2010 13:10:00 +0200

Germany's booming economy will expand this year at a rate not seen since reunification, the country's top economic institutes said on Thursday.

Germany drives EU growth past America

Thu, 02 Sep 2010 19:33:00 +0200

Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.

Robust economy seen chugging forward

Tue, 24 Aug 2010 10:26:00 +0200

Domestic consumption and business investment have helped Germany post record growth and raised the chances that Europe's economic engine will keep chugging along this year, economists said on Tuesday.

Business groups want holidays cut for growth

Fri, 20 Aug 2010 10:40:00 +0200

Two leading business associations recommended on Friday that Germany reduce holiday time for employees from six weeks to four or five, in order to bolster growth.