The German government slashed its gross domestic product expectations Wednesday, saying it was now forecasting just 0.3% growth in 2025.
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GDP grew at a 2.3% pace in the fourth quarter, less than expected
GDP was expected to grow at a seasonally adjusted 2.5% annualized pace in the fourth quarter of 2025.
German economy shrinks by 0.2% in fourth quarter, more than expected
The German economy shrank by 0.2% quarter-on-quarter in fourth quarter of 2024, according to preliminary data released by Germany's statistics...
European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
"The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of...
A record number of consumers are making minimum credit cards payments as delinquencies also rise
The share of active holders just making baseline payments on their cards jumped to a 12-year high, a Philadelphia Federal...
Charting the Biden economy: Despite all the growth and jobs, a deeply unpopular president
To the untrained eye, Joe Biden leaves the presidency with what appears to be a sterling economic record.
Home insurance costs soaring as climate-related events surge, Treasury Department says
During the period, costs for policies across all categories rose 8.7% faster than the rate of inflation.