Germany’s central bank in its monthly report, stated that after a 0.3 per cent contraction in the final quarter of 2023, output is “likely to decline slightly” from January to March. This would mark the second consecutive decline in economic output, Economy News, Times Now
Germany's economy contracted slightly, as initially estimated, in the third quarter with the household consumption that used to be the pillar of growth, acting as a drag.
Germany experienced economic growth only once this year, and indicators for the final three months of the year have generally been worse than expected.
The German government has set a goal of creating a powerful Bundeswehr (armed forces) that can defend itself and wage war for European security and freedom amid the Ukraine conflict. Is this ambitious goal achievable?