German economy shrinks by 0.2 percent

President of the Leadership Council Departs Aden for Consultations on National Developments

His Excellency President Dr. Rashad Muhammad al-Alimi, Chairman of the Presidential Leadership Council, departed today, Friday, from the interim capital, Aden, heading to the Kingdom of Saudi Arabia to hold consultations with regional and international actors regarding the latest developments in the local situation, particularly the recent events in the eastern governorates.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

Gold Prices Stabilize as Investors Await Key US Data Release

Gold prices remained steady today, Friday, after rising US Treasury yields offset the dollar's weakness, as investors await crucial US economic data releases.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/12/05 Time 11:59:41
Latest News:

Leadership Council Member Al-Arada Says Major National Issue is Liberation of Capital Sana'a

Ambassador Belfagih Meets Indonesian Immigration Chief to Enhance Bilateral Cooperation

Leadership Council Member al-Arada returns to Marib after successful foreign tour

Defense Minister meets with chief British Military advisor in Middle East

Minister of Endowments Discusses Cooperation with Turkish Agency TIKA

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.