Germany's Economy Contracts More Than Expected Amidst Rising Challenges
TL;DR Summary
German Chancellor Friedrich Merz acknowledged that Germany's economic challenges are more severe and complex than initially thought, citing a structural crisis, declining competitiveness, and external pressures like US tariffs, with government reforms and investments planned to address these issues.
- Merz Says Tackling Germany’s Economic Woes Tougher Than Expected Bloomberg
- Germany updates: Economy shrinks more than expected DW
- German economy shrank by 0.3% in second quarter in worse showing than initially thought AP News
- Germany’s Economy Shrank by More Than Expected on Tariff Hit The Wall Street Journal
- Germany’s economy shrinks as outlook looks bleak Semafor
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