Germany’s finance minister has vowed to lift the country’s defense spending to 3.5% of gross domestic product in 2029.

Germany will raise defence spending to 3.5% of economic output by 2029 funded through a nearly 400 billion euro borrowing ...

Germany's gross domestic product (GDP) is expected to decline by 0.2% in 2024, according to a revised government forecast on Wednesday, meaning Europe's biggest economy is on course for recession.

Germany is to present a revised economic forecast for 2025 on Wednesday, with gross domestic product (GDP) expected to grow by a meagre 0.3%. Economy Minister Robert Habeck is due to announce the ...

Germany has struggled to generate significant growth for years and the economy shrank in each of the last two years. In last year's fourth quarter, it contracted by 0.2%.

Germany is planning to lift core defense spending to 3.5% of gross domestic product over the next five years as part of a ...