After flatlining in this year’s second quarter, Germany’s economy contracted 0.1 percent in the third. New data shows GDP continuing to decline, leading the country’s central bank to predict another three months of shrinkage.
Tag: Germany
Post
GERMAN SHIPPING COMPANY SEES PROFITS TORPEDOED
German container shipping company Hapag-Lloyd reported profits this year through September were almost 80 percent below those of last year over the same period, falling to €3.2 billion.
Post
WAR IS THE ONLY ANSWER: GERMANY SAYS IT WILL DOUBLE MILITARY AID FOR UKRAINE
German politicians agreed in principle to double the country’s military aid for Ukraine in 2024 as the war shows no sign of ending.
Post
GERMANY’S PRODUCER PRICES FALL AT FASTEST PACE ON RECORD
The prices that German manufacturers charge for their goods plunged 14.7 percent in this year’s first nine months, the steepest nine-month plunge since records began being kept in 1949, the government reported.
Post
GERMANY TRIES TO TAKE CONTROL OF ASYLUM SEEKERS, IMPLEMENTS NEW BORDER CHECKS
Germany announced last week that it will increase border controls to help deal with the influx of new asylum seekers entering the country from Poland and the Czech Republic, which has been a source of contention in EU countries.
Post
GERMANY’S 2024 BUDGET TAKES AIM AT MIDDLE CLASS AS COUNTRY WAGES WAR AGAINST RUSSIA
Berlin has declared war on Russia and on the average German.
Post
OPERATION BARBAROSSA 2.0: GERMANY’S RHEINMETALL TO BUILD TANK PLANT IN UKRAINE
Germany, which killed some 24 million Russians in World War II, and who, according to former President John F. Kennedy, destroyed Russia’s farms, factories, homes, and cities equivalent to destroying from Chicago to America’s east coast... is on the attack against Russians again.
Post
‘FAR-RIGHT’ SURGES IN GERMANY AMID ECONOMIC UNCERTAINTY, AS WE LONG FORECAST
Establishment politicians in Germany are pressing panic buttons amid the surge in popularity for the country’s top “far-right” political party—the Alternative for Germany, or AfD—that seems poised to make gains in local and national elections based on financial hardship and disgust for the ruling elite.
Post
BITCOIN GETS BANK BOOST IN GERMANY
Several moves in Germany spell good news for bitcoin adoption and investment. Via a new platform called wpNex offered by securities processing giant Deutsche WertpapierService Bank AG (dwpbank), some 1,200 German banks will be able to offer bitcoin to retail customers.
Post
GERMANY’S ECONOMY CONTRACTS IN FOURTH QUARTER
Germany’s economic output shrank 0.2 percent in 2022’s final quarter, year over year, the national statistics office announced.