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

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.

Germany’s government announced on Wednesday that it has revised its economic growth forecast for 2025 down to just 0.3%, citing serious concerns over the country’s economic outlook.

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

Germany is planning to lift core defense spending to 3.5% of gross domestic product over the next five years as part of a massive increase in government investment in the military.