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.

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

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 government said Wednesday that its economy, Europe's biggest, is on track to shrink for a second consecutive year — underlining the unpopular administration's troubles as it heads into ...

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.