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Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast

The German government says Europe’s largest economy is in “troubled waters.” It's slashing its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects. Meanwhile, a relatively modest set of tax breaks for business remains blocked in the legislature. The growth forecast was lowered to 0.2% from the previous forecast of 1.3%. That would follow a shrinking of the economy by 0.3% for all of last year. Germany is recovering slowly from the shock of Russia cutting off most natural gas supplies after its invasion of Ukraine. ....

Olaf Scholz , Robert Habeck , Friedrich Merz Christian , European Central Bank , Vice Chancellor Robert Habeck , Social Democratic Chancellor Olaf Scholz , Friedrich Merz , Christian Democrats ,

Germany: Largest economy faces troubles | Borneo Bulletin Online

FRANKFURT, GERMANY (AP) The German government said Europe’s largest economy was in “troubled waters” and slashed its growth forecast for this year as it struggles with a lack of skilled labour, excessive bureaucracy, high interest rates and lagging investment in new projects while a relatively modest set of tax breaks for business remains […] ....

Robert Habeck , Olaf Scholz , Friedrich Merz Christian , European Central Bank , Vice Chancellor Robert Habeck , Social Democratic Chancellor Olaf Scholz , Friedrich Merz , Christian Democrats , Business Economic Catastrophe Economy Energy Shortage Excessive Bureaucracy Germany Growth Forecast High Interest Rates Inflation Lagging Investment Largest Legislature Skilled Labour Slash Struggles Tax Breaks Troubled Waters ,

Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast – Winnipeg Free Press

Breaking News, Sports, Manitoba, Canada ....

Olaf Scholz , Friedrich Merz Christian , Robert Habeck , European Central Bank , Vice Chancellor Robert Habeck , Social Democratic Chancellor Olaf Scholz , Friedrich Merz , Christian Democrats ,

Germany slashes economic growth forecast to 0.2% for 2024

"The economy is in troubled waters," Vice Chancellor Robert Habeck as he presented the government's annual economic report. ....

Friedrich Merz Christian , Olaf Scholz , Robert Habeck , European Central Bank , Vice Chancellor Robert Habeck , Social Democratic Chancellor Olaf Scholz , Friedrich Merz , Christian Democrats ,

Germany says Europe's largest economy is in 'troubled w...

The German government says Europe’s largest economy is in “troubled waters.” ....

Robert Habeck , Friedrich Merz Christian , Olaf Scholz , European Central Bank , Vice Chancellor Robert Habeck , Social Democratic Chancellor Olaf Scholz , Friedrich Merz , Christian Democrats ,