Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit auto titan Volkswagen. The embattled chancellor,

The year's weak performance underlines Germany's status as Europe's worst performing major economy and shows the country as having no meaningful growth in four years. Gross domestic product contracted by 0.

Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.

Germany’s economy is tanking—again. For the second year in a row, Europe’s largest economy is officially in decline, shrinking by 0.2% in 2024 after a 0.3% contraction in 2023. This is the first time since 2003 that Germany has suffered back-to-back GDP drops.