Tag Archives: Germany

Germany aims at avoiding its public debt going above EUR 100 billion next year, despite increased spending to face the impacts of the COVID-19 crisis, Reuters reported The German Minister of Finance, Olaf Scholz, reportedly plans the 2021 public budget with EUR 80 billion in new debts, however, the German …

Germany’s Minister of Finance, Olaf Scholz, said on Wednesday that the European economy will recover from the impacts of the COVID-19 crisis, but might face some hardships in the near term, Reuters reported. “Europe has dealt with a historic challenge and has provided a very good response, has shown solidarity …

The worst is over for Germany … and the government response helped it recover faster than expected from the shock of the Coronavirus … statements made by Economy Minister Peter Altmaier while presenting the updated forecasts for his country’s economy in 2020. Altmire said that the recession in the first …

German Economy Minister Peter Altmaier said that the country’s gross domestic product will reach its level before the crisis of the Coronavirus outbreak in 2022, adding that he does not expect strict general isolation measures to be imposed in sectors such as retail or industry due to the pandemic.

The number of unemployed people in Germany decreased for the second month in a row in August, indicating that the job market in Europe’s largest economy is recovering after it was hit by the Coronavirus crisis. Data revealed. The Labor Office said the number of unemployed people adjusted for seasonal …

The German government is revising its economic growth forecast for 2020, expecting Germany’s gross domestic product (GDP) to contract by less than 6%, compared with previous estimates of a 6.3% contract, Reuters Reported. Europe’s largest economy contracted by 9.7% in the second quarter of 2020, due to the coronavirus (COVID-19) …

German Economy Minister Peter Altmaier told SWR television that he does not expect the country’s economy to suffer from further lockdown measures even if coronavirus infections continue to rise. The minister also told television that many industries in Germany are improving again.

A survey showed that consumer sentiment in Germany deteriorated towards September, casting some doubt on whether household spending in Europe’s largest economy is strong enough to lead a robust recovery from the Covid-19 crisis. The GFK said its consumer sentiment index, which is based on a survey of nearly 2,000 …

A survey showed that German business confidence improved better than expected in August, boosting hopes that companies in the largest European economy are recovering from the coronavirus shock. The IFO said its business climate index rose to 92.6 from a revised level of 90.4 in July. This is the fourth …

The German Foreign Ministry said that Berlin issued a travel advisory against the Paris regions and the French Riviera due to the high cases of Coronavirus there. The ministry added that it had warned against unnecessary tourist trips to the Ile-de-France region, which includes the French capital, and the southern …