25 Aug 2020

German economy plunges by record 9.7%

by | posted in: Germany, News |

The second-quarter contraction was the worst ever since documentation of GDP figures began in 1970. The drop was, however, not as steep as the 10.1% contraction that economists initially anticipated. The German economy, Europe’s largest, contracted by a record 9.7% … Read More
22 Feb 2019

‘Verdammt’: Just when you thought the worst was over, Germany’s economy moved dangerously close to falling ‘over the edge’ into recession

by | posted in: Germany, News |

Wikimedia Commons Germany’s economy avoided a recession at the end of 2018, and analysts expected to see improvement this year. But the picture likely got worse at the start of 2019, according to data released Friday. The Ifo Institute for … Read More