Tuesday, 02 January 2024 12:17 GMT

Germany’s Economy Shows Stability


(MENAFN) The German economy has maintained a steady condition despite a challenging environment, as the nation faces external pressures from weak demand, diminishing competitiveness, and sporadic shortages in intermediate goods, according to the Economic Affairs and Energy Ministry on Monday.

The ministry noted that recent fiscal stimulus measures have contributed to a gradual stabilization of the economy. While the global economy remains relatively resilient, leading indicators for Germany’s foreign trade offer almost no positive signals for growth.

The report highlighted that the country’s export sector has experienced some recovery, although this has not yet translated into a broad-based economic rebound.

It further mentioned that the adverse impact of US tariffs might still be felt significantly at the start of 2026, suggesting that German exporters’ sales expectations could be dampened in the months ahead.

Additionally, corporate bankruptcies in Germany stayed at elevated levels, with filings rising 11.7% year-on-year to approximately 18,125 between January and September.

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