German Jobless Rate Unexpectedly Rises to Highest Since 2021 bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
In a not-so-stunning twist, the German workforce downturn highlights persistent economic woes. As a potential recession haunts the nation amid budgetary limbo, exacerbated by energy crises and accelerating deindustrialization, the future remains gloomy for the Olaf Scholz led government.
Germany avoided a recession in the first quarter as the economy stagnated with the fall in household and government spending offsetting the improvements in capital formation and exports.