German economy shrinks by 0.2 percent

Yemen Reiterates Commitment to Counterterrorism at UN, Calls for Stronger International Cooperation

Yemen has reaffirmed its determination to combat terrorism and violent extremism, telling the UN General Assembly that addressing evolving security threats requires sustained international cooperation, stronger national institutions, and greater support for conflict-affected countries.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/07/01 Time 09:09:49
Latest News:

Head of State Security Service Discusses with Head of Syrian Intelligence Cooperation Field of Combating ..

Yemen's Ambassador Discusses with Iraqi Minister of Justice Strengthening Judicial Cooperation

UN-Funded Water Desalination Plant Opens at Shabwah General Hospital

Yemeni Ambassador in Tokyo Discusses Strengthening Bilateral Partnership with Japan

Prime Minister Discusses UNOPS Projects in Yemen

German economy shrinks by 0.2 percent

[15/01/2025 07:28]

BERLIN-SABA
The German economy contracted by 0.2 percent in 2024 compared to 2023.

The German Federal Statistical Office said in a statement today, Wednesday, that the contraction is occurring for the second year in a row after a contraction of 0.3 percent in 2023, noting that the burdens related to growth and the structural structure of the economy stood in the way of better economic development in 2024.

According to the report, the most prominent burdens are the high competition for German goods in the important markets for these goods, high energy prices, high interest rates and a shortage of skilled labor.