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Economy

Germany announces €23 billion tax cuts to help inflation-hit household

The coalition government set aside week's of disagreement to agree the tax cuts package. However, the move has already seen a considerable backlash, with opposing political parties arguing that tax cuts will heap yet more pressure on Germany’s already strained budget.

Economy

Germany's jobless total climbs, staying close to 3-year highs

Businesses in Germany are struggling with the cost of rehiring staff post-pandemic, with profit margins still hit by low revenues, higher inflation, interest rates, and a continuing high cost of living.

Economy

Deutsche Bank revises eurozone GDP outlook for the year

The German economy is doing better than expected, while the UK economy is also going through a cyclical recovery.

Economy

German economy expands slightly in first quarter of 2024

Increases in foreign trade has also gone a long way in supporting this higher GDP figure. However, despite falling inflation, German consumers remain cautious when it comes to spending.

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Economy

German property crisis deepens as foreign investment dries up

High interest rates and economic uncertainty are driving overseas investors away from German real estate.

Economy

German and French economies show first quarter signs of revival

Despite Germany's relatively good performance last quarter, the International Monetary Fund believes that structural issues such as aging and lack of investment remain.

Economy

Is part-time work fuelling Germany’s economic woes?

The minister president of Saxony, Michael Kretschmer, says a return to the 40-hour week is necessary to maintain economic prosperity in Germany.

Economy

German consumer confidence reaches two-year high on upbeat pay hopes

German consumers are feeling more upbeat about economic prospects, as well as expecting to be buying more next month.

Economy

Experts slash economic growth forecast for 'ailing' Germany

Five of Germany's economic research institutes slash Germany's GDP outlook, citing low domestic demand, and high gas and electricity prices hitting exports.

Business

ProSieben board turns down MFE bid to split German broadcaster

German broadcaster ProSiebensat.1 has rejected a bid put forward by MFE-MediaForEurope to split up the company.

Economy

Germany's March consumer sentiment perks up, but France feels blue

German income expectations have soared to a more-than two-year high, but French consumers remain worried about their standard of living.

Economy

Germany likely to be in recession already, suggests Bundesbank

Germany's "ongoing period of weakness" could last longer than expected, the country's central bank is warning.

Economy

German inflation eases raising ECB interest rate cut hopes

German inflation eased to 3.1% in January year-over-year from 3.8% in December, confirming preliminary data, according to the country's federal statistics office.

Economy

How much could the farmer protests cost Europe's economy?

The demonstrations have the potential to not only cause the decline of the national economic landscape but also to impact the economy at the EU level, Osama Rizvi writes.

Economy

European industry activity slows ahead of ECB decision

Several European countries reported upbeat services and manufacturing data, the last indicators ahead of the ECB's monetary policy meeting on Thursday.

Economy

Lagarde and Lindner's insights at Davos: A 'New Normal'?

In Davos, European Central Bank President Lagarde and German Finance Minister Lindner discussed the global economic outlook, addressing challenges such as climate change and potential impacts of a Trump presidency. They emphasised strengthening domestic markets and adapting to a "new normal".

Economy

Germany sees notable uptick in inflation, breaking seven-month trend

Germany and Italy's annual inflation rates confirmed. Euronews Business looks at the factors influencing the economic trends in each country.

Economy

What are the biggest challenges facing the German economy in 2024?

As we enter 2024, Europe's largest economy is expected to continue to deal with the fallout of its recent economic crisis. Euronews Business highlights five key challenges for the German economy in 2024.

Economy

German retail sales fall 2.5% weighed down by internet sales

German retail sales numbers dropped in November following internet and non-food sales being less than anticipated.

Economy

German inflation rises to 3.7% in December due to energy prices

Germany's inflation rate increased to 3.7% YoY in December, up from 3.2% in November, mainly due to a 4.1% rise in energy prices influenced by a government subsidy. Food inflation fell slightly. Excluding food and energy, core inflation was 3.5%. France also saw a slight uptick in inflation to 3.7%.