Online trade shrank for the first time in Germany themunicheye.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themunicheye.com Daily Mail and Mail on Sunday newspapers.
The general statutory minimum wage in Germany is to be raised from 1.2024 to 12.00 euros on 12 January 41. The proposal was presented by the responsible Minimum Wage Commission on Monday in Berlin. This time, however, the recommendation was not made by consensus. The employee representatives in the Commission are opposed to what they consider to be too little increase and, according to their own statements, have been outvoted. The decision comes at a time of weak economic growth and persistently high inflation in Germany.
German output shrank 0.3% in the first three months of the year to mark a second straight quarter of negative growth, notably weighed down by a 1.2% fall in household spending that contrasted with modest gains in France and Italy
"Unless they feel safe about the future, they remain reluctant to spend." German output shrank 0.3% in the first three months of the year to mark a second straight quarter of negative growth, notably weighed down by a 1.2% fall in household spending that contrasted with modest gains in France and Italy. Its economy - described in a Sentix survey on Monday as "the biggest problem child in the euro zone" - is at a crossroads.
A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell into recession in the first quarter, even as other countries in the region managed to avoid it. . | June 5, 2023