Germany economy - updates

Rappler's latest stories on Germany economy

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German exports rise in May 2020 as lockdowns ease

Jul 09, 2020 - 10:45 PM

German exports climb 9% to 80.3 billion euros ($91 billion) in May 2020, a month after suffering their biggest plunge since records began

This aerial view shows containers at the harbour of Duisburg, western Germany, on May 8, 2020. (Photo by Ina FASSBENDER / AFP)

German industrial output shows modest recovery in May 2020

Jul 07, 2020 - 10:10 PM

Despite the 7.8% increase in Germany's industrial output, the figure falls short of the 10% rise predicted by analysts

MANUFACTURING. An industrial robot mounts the dashboard on the assembly line during the production of the Volkswagen electric car, the ID.3 model, in Zwickau, Germany, on February 25, 2020. Photo by Ronny Hartmann/AFP

German unemployment inches up in June 2020

Jul 01, 2020 - 7:20 PM

Germany's labor market 'remains under pressure due to the coronavirus pandemic' but the government's shorter hours scheme 'stabilized' employment

MASKS. A woman checks out face covers on display outside a clothing store in Berlin on April 28, 2020 amid the COVID-19 pandemic. Photo by John Macdougall/AFP

German 'wise men' see summer growth rebound after virus

Jun 23, 2020 - 11:50 PM

The so-called 'wise men' panel expects Germany to see a deep 'V' scenario, referring to a sharp plunge and relatively swift rebound

REOPENING. People look at the tables of the reopened Cafe Prag in Schwerin, Germany, on May 9, 2020. Photo by Odd Andersen/AFP

German investor confidence highest since March 2006

Jun 16, 2020 - 11:45 PM

'The worst could be over' for Germany, but 'revenue expectations remain very different for different sectors'

Some few people stroll on the riverside walk of the river Rhine in Cologne, western Germany, on April 19, 2020, amid the novel coronavirus COVID-19 pandemic. (Photo by Ina FASSBENDER / AFP)

German exports plunge in April 2020, trade surplus collapses

Jun 09, 2020 - 10:15 PM

Compared with a year earlier, German exports slump 31.1% in April 2020 – 'the biggest fall in a single month since foreign trade statistics began in 1950'

Shipping containers are pictured in a storage and repair center in the harbor of the northern German city of Hamburg on March 26, 2020. - German consumer confidence has hit its lowest level since the last global economic crisis, a key survey found on March 26, 2020, as Europe's top economy braces for the impact of COVID-19. (Photo by MORRIS MAC MATZEN / AFP)

German industrial output falls record 17.9% in April 2020

Jun 08, 2020 - 8:50 PM

Germany posts its biggest drop in industrial output since the data was first recorded in January 1991

This aerial view shows a blast furnace at the plant of German industrial conglomerate ThyssenKrupp in Duisburg, western Germany, on May 8, 2020. (Photo by Ina FASSBENDER / AFP)

Germany unveils 130-billion stimulus to kick-start virus-hit economy

Jun 04, 2020 - 8:00 AM

Germany's latest coronavirus relief measures include temporarily slashing value-added tax and giving families 300 euros for each child

DESERTED. An empty pedestrian area is seen in Cologne, Germany, on April 19, 2020. Photo by Ina Fassbender/AFP

German inflation grinds lower in May 2020

May 28, 2020 - 8:40 PM

Germany registers just 0.6% inflation in May 2020, driven by a drop in energy costs

ELDERLY. A woman and a man wearing face masks walk past a shop in Leipzig, Germany, on April 20, 2020. Photo by Tobias Schwarz/AFP

Virus pushes Germany into recession

May 15, 2020 - 10:20 PM

The German economy shrinks by 2.2% in January-March 2020, the worst quarter-on-quarter decline since the global financial crisis in 2009

People look at the tables of the reopened Cafe Prag in Schwerin, northeastern Germany on May 9, 2020 amid the ongoing Covid-19, coronavirus pandemic. - The traditional cafe and restaurant welcomed sit in customers after two months of closure as restaurants in the state of Mecklenburg Western Pomerania were allowed to reopen under strict hygiene conditions Saturday, May 9, that saw a trickle of returning customers as the north eastern state and Germany are easing corona virus restrictions. (Photo by Odd ANDERSEN / AFP)

German exports plunge in March 2020 on virus woes

May 08, 2020 - 5:55 PM

Germany posts an 11.8% drop in exports in March 2020, far steeper than a 5% forecast from analysts

TRADE. Container carrier vehicles are pictured at the container terminal Eurogate in the harbor of the northern German city of Hamburg on March 26, 2020. Photo by Morris Mac Matzen/AFP

Virus saps German industrial output by 9.2% in March 2020

May 07, 2020 - 3:00 PM

Germany's vital car industry is among the most heavily impacted, suffering a 31.1% drop in production

An industrial robot mounts the dashboard on the assembly line during the production of the Volkswagen electric car, the ID.3 model, at the Volkswagen car factory in Zwickau, eastern Germany, on February 25, 2020. (Photo by RONNY HARTMANN / AFP)

German jobless total soars in April 2020 due to coronavirus

Apr 30, 2020 - 5:15 PM

In seasonally adjusted terms, Germany's unemployment rate jumps to 5.8% in April from 5% the previous month

A woman wearing a face mask walks out of a shopping mall in Berlin on April 29, 2020 amid the new coronavirus COVID-19 pandemic. - Face masks have been made mandatory in shops all over Germany. (Photo by John MACDOUGALL / AFP)

Germany faces 'worst recession' in post-war history

Apr 29, 2020 - 11:50 PM

The German government expects gross domestic product to shrink by a record 6.3% in 2020 as the coronavirus wreaks havoc

The empty pedestrian area is seen in Cologne, western Germany, on April 19, 2020, amid the novel coronavirus COVID-19 pandemic. (Photo by Ina FASSBENDER / AFP)

Germany announces new 10-billion-euro virus package

Apr 23, 2020 - 2:15 PM

The German government also says it would provide financial support to families to purchase a computer for online lessons

A woman and a man wearing face masks walk past a shop in Leipzig, eastern Germany, on April 20, 2020, amid the novel coronavirus COVID-19 pandemic. - Parts of Europe hit hard by the deadly coronavirus pandemic took tentative steps towards resuming normal lives on Monday, April 20, 2020, with Germany allowing some shops to reopen. (Photo by Tobias SCHWARZ / AFP)

Surprise jump in German investor confidence despite virus crisis

Apr 21, 2020 - 11:45 PM

In Germany, a ZEW survey shows respondents expect 'positive economic growth' to return in the 3rd quarter of 2020

CORONAVIRUS CLOSURES. Closed shops are pictured in the so-called Dutch district of Potsdam, eastern Germany, on April 4, 2020. Photo by Tobias Schwarz/AFP

Coronavirus sends Germany into recession

Apr 15, 2020 - 5:00 PM

'Falling global demand, interruption of supply chains, changes in consumers' behavior, and uncertainty among investors' all make themselves felt in Germany

DESERTED. A nearly deserted shopping street is after the town's mayor declared a state of emergency to stop the outspread of the new coronavirus COVID-19 on March 18, 2020 in Halle/Saale, eastern Germany. Photo by Jens Schlueter/AFP

France, Germany face historic economic declines

Apr 08, 2020 - 11:20 PM

Germany's gross domestic product is expected to shrink by nearly 10% in the 2nd quarter of 2020, while France's 1st quarter performance is seen to be its worst since 1945

(FILES) This file photograph taken on March 25, 2020, shows buildings of the business district of La Defense,on the outskirts of Paris, as the country is under lockdown to attempt to halt the spread of COVID-19 (novel coronavirus). - France is facing its deepest recession since the end of World War II because of the widespread lockdown to stem the coronavirus crisis, Finance Minister Bruno Le Maire warned April 6, 2020, "The worst growth figure in France since 1945 was -2.2 percent in 2009, after the financial crisis of 2008. We will probably be very far beyond -2.2 percent" this year, Le Maire told a Senate panel. (Photo by PHILIPPE LOPEZ / AFP)

Germany guarantees 100% of loans to smaller firms in virus aid package

Apr 06, 2020 - 10:00 PM

'These speedy loans should make sure that middle-sized companies have liquidity quickly, without taxpayers losing too much money,' says German Finance Minister Olaf Scholz

Closed shops are pictured in the so-called Dutch district of Potsdam, eastern Germany on April 4, 2020, amid the new coronavirus / Covid-19 pandemic. (Photo by Tobias SCHWARZ / AFP)

German economy set for 'significant' recession – economists

Mar 30, 2020 - 11:50 PM

'The German economy will shrink significantly in 2020,' says an expert panel, with the exact size of the impact depending on health policy measures and how the country would rebound from the coronavirus

DESERTED. A nearly deserted shopping street is after the town's mayor declared a state of emergency to stop the outspread of the new coronavirus COVID-19 on March 18, 2020 in Halle/Saale, eastern Germany. Photo by Jens Schlueter/AFP

Germany unleashes biggest post-war aid package against virus

Mar 14, 2020 - 1:30 AM

German Chancellor Angela Merkel says the measures to combat the novel coronavirus 'are unprecedented in the history of the German government'

German Chancellor Angela Merkel makes a press statement before meeting with the heads of associations of the German economy and the trade unions on the economic consequences of the spread of the coronavirus COVID-19 at the Chancellery in Berlin on March 13, 2020. (Photo by John MACDOUGALL / POOL / AFP)

Macron dreams big in major EU speech

Sep 27, 2017 - 7:52 AM

Macron's proposals for a post-Brexit shake-up include a finance minister, budget and parliament for the 19-member eurozone, as well as a European 'rapid reaction force' to work with national armies

'INITIATIVE EUROPÉENNE' French President Emmanuel Macron gestures as he delivers a speech on the European Union in the amphitheatre of the Sorbonne University in Paris on September 26, 2017. Ludovic Martin/AFP

German industries make economic case to welcome refugees

Sep 06, 2015 - 12:36 PM

Europe s top economy expects to receive 800 000 asylum seekers this – a record figure

25 years on, Germany's east-west divide still palpable

Nov 06, 2014 - 5:45 PM

A town in the outskirts of Berlin encapsulates the ongoing albeit narrowing east west divide in reunited Germany 25 since the fall of the Berlin Wall

A restaurant called 'La Dolce Vita' (the sweet life) stands across of block of "plattenbau" concrete flats in Prenzlau, eastern Germany, on February 28, 2008. John Macdougall/AFP

Low wages: The flip-side to Germany's economic miracle

Sep 15, 2013 - 3:13 PM

As many as 3 million people in Europe s top economy earn less than six euros 7 90 per hour meaning Germany has one of the biggest shares of low wages in Europe

FLYING HIGH. The flag of the Federal Republic of Germany flies on the roof of the Reichstag building in Germany on July 15, 2013. AFP / DPA / Soeren Stache

Merkel steels Germans for 'more difficult' 2013

Dec 31, 2012 - 10:57 AM

In fact the economic environment next year will not be easier but more difficult The crisis is a long way from being beaten Germany s Merkel said in her New Year address

German Chancellor Angela Merkel poses for photographers after the recording of her annual New Year's speech at the Chancellery in Berlin on December 30, 2012. AFP PHOTO / POOL/ JOHN MACDOUGALL

Germany's western rust belt resents blossoming east

Mar 25, 2012 - 1:39 PM

A mining town in west Germany looks and feels little like the world s image of Germany as a global powerhouse