Ukrainian President Volodymyr Zelensky signed major defense agreements with Germany and France to ensure that his war with Russia will continue to drag on and continue to kill Ukrainians and Russians instead of negotiating for peace.
Tag: Germany
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GERMANY: “THE SICK MAN OF EUROPE”
Germany’s economy shrank by 0.3 percent in 2023’s final quarter and will grow by only that much this year, according to the newest forecast by the Organization for Economic Cooperation and Development (OECD). The group’s new projection has cut in half its estimate of Germany’s 2024 performance.
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NO GROWTH: EUROZONE ECONOMY FLATLINES, GERMANY GOES DOWN
Although Germany’s economy contracted by 0.3 percent in 2023’s fourth quarter, the 20-country Eurozone’s GDP neither shrank nor grew during the period, according to figures reported by Eurostat, the zone’s statistics office.
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TOP TREND 2024, EV GO FU: EV SALES TANK IN EUROPE
In December, electric vehicle (EV) sales in Germany plummeted by half, year on year. The plunge led EVs’ Europe-wide sales to shrink for the first time since 2020.
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GERMANY’S ECONOMY SHRANK BY 0.3 PERCENT IN 2023
Germany—battered by high interest rates, slowing global sales and continued high energy costs—Europe’s largest economy and the fourth largest one in the world... saw the heart of its manufacturing industry contract by 0.3 percent in 2023, according to the country’s National Statistics Office.
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GERMANY’S FACTORY OUTPUT FALLS FOR A SIXTH CONSECUTIVE MONTH
In November, Germany’s industrial production edged down 0.7 percent from October, a month in which output fell 0.3 percent from September.
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82 PERCENT OF GERMANS DISAPPROVE OF GOVERNMENT
A newly released poll found that 82 percent of Germans are unhappy with their governing coalition headed by Chancellor Olaf Scholz, according to an ARD-DeutschlandTrend poll.
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GERMANY’S FACTORY OUTPUT SLOWS UNEXPECTEDLY IN OCTOBER
In October, for the fifth consecutive month, Germany’s factories reduced their output. Production fell 0.4 percent below September’s, which fell 1.3 percent from August.
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FRENCH ECONOMY SHRANK IN THIRD QUARTER
Surprising analysts, France’s economy contracted by 0.1 percent in this year’s third quarter, the national statistics agency said after revising its estimate down from an initial 0.1-percent gain.
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GERMANY ENTERING RECESSION, DATA SHOWS; BANKS AT RISK
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.