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German Economy Shrinks More Than Estimated on Trade Reversal (22.08.2025)
German Economy Shrinks More Than Estimated on Trade Reversal (22.08.2025)
Germany's economy had a 0.3% slump in gross domestic product, largely due to manufacturing weakness. Chancellor Friedrich Merz is under pressure to deliver on promises to reignite growth, including cutting red tape and bolstering domestic consumption. According to Economy Minister Katherina Reiche, it's "now crucial to swiftly implement bold structural reforms" to address the economic slide.
·bloomberg.com·
German Economy Shrinks More Than Estimated on Trade Reversal (22.08.2025)