cross-posted from: https://lemm.ee/post/64561299

The number of German firms closing their doors for good rose last year by as much as 16% on the year to 196,100, the Creditreform agency and the ZEW economic research institute reported on Wednesday.

  • randomname@scribe.disroot.orgEnglish
    71·
    25 days ago

    Germany is not coming back.

    Economic forecast for Germany

    TLDR:

    • Economic activity is expected to stagnate in 2025 due to trade tensions weighing on exports
    • Private consumption is nevertheless projected to expand slightly in 2025, boosted by increases in purchasing power and lower interest rates
    • Investment is expected to stagnate in 2025 - also related to the elevated geopolitical uncertainty
    • In 2026, growth is projected to rebound to 1.1%, as domestic demand strengthens, driven by continued consumption growth and a gradual recovery in investment.
    • (Note that government spending -especially infrastructure and defense spending- will have a positive effect on GDP growth in 2025 and 2026, but are not yet included in this forecast as the government has not yet detailed its intentions.)
    • doodledup@lemmy.worldEnglish
      21·
      22 days ago

      1.1% growth basically means Germany is sucking it up big time. 1.1 is nothing.

      Also, remind me in a year. It’s probably going to be corrected again like every time. Nobody wants a panic, so they regularly invent some percentage numbers that are magically corrected every now and then by multiple percentage points.

      Germany has major systematic problems. You can’t deny that. It will only get worse in the next 30 years. Quoting some 1.1% growth for next year is a fucking joke.