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's economy contracted for the second consecutive year in 2024, continuing its struggle with a series of internal and external challenges.

Finance Minister Lars Klingbeil said Germany's defense spending will hit 2.4% of GDP this year, and “we will raise defense spending step by step so that we will reach a NATO quota of 3.5% in ...

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's economy is expected to post zero growth this year, outgoing Economy Minister Robert Habeck said Thursday, blaming US President Donald Trump's sweeping tariffs.The German government had ...

BERLIN — Germany's economy is likely to be more or less stagnant in 2025 after shrinking for two years and the impact of U.S. tariffs could weigh down an already unimpressive showing, leading ...

Germany’s economy: down but not quite out on whatsapp (opens in a new window) Save Moritz Kraemer. Published August 20 2024. Jump to comments section Print this page.

BERLIN (AP) — Germany's finance minister on Tuesday vowed to lift the country's defense spending to 3.5% of gross domestic product in 2029 as he presented the new government's spending plans.