News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
21
o
Bekaa
17
o
Keserwan
21
o
Metn
21
o
Mount Lebanon
16
o
North
22
o
South
20
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Daily Exercises
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
21
o
Bekaa
17
o
Keserwan
21
o
Metn
21
o
Mount Lebanon
16
o
North
22
o
South
20
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Germany in deep economic crisis, lobby group claims
World News
28-01-2025 | 07:02
High views
Share
Share
3
min
Germany in deep economic crisis, lobby group claims
The German economy is in deep crisis, with gross domestic product likely to contract 0.1% this year, the BDI industry association said on Tuesday, putting it on track for three years of declining growth for the first time since reunification.
At the same time, the euro zone will grow by 1.1% and the global economy by 3.2%, BDI said, indicating Germany will remain one of the currency bloc's laggards in economic terms.
"The situation is very serious: Growth in industry in particular has suffered a structural break," BDI president Peter Leibinger said in Berlin. East and West Germany were reunited as a single sovereign state in the 1990s.
Increasing competition from abroad, high energy costs, still elevated interest rates and uncertain economic prospects have taken their toll on the Germany economy, which contracted in 2024 for two years in a row.
Disagreements over how to revive Europe's largest economy contributed to the governing coalition's demise, with the dire economic situation reflected in the storied auto industry as Volkswagen undertakes steep cost cuts to remain relevant.
The economic crisis is more than just a consequence of the pandemic and Russia's invasion of Ukraine, Leibinger said.
The problems are home-made and the result of a structural weakness since 2018 that governments have failed to tackle, Leibinger said.
"Public investment in modern infrastructure, in the transformation and the resilience of our economy, is urgently needed," Leibinger said, also calling for a reduction in bureaucracy, lower energy prices and a clear strategy for strengthening the German innovation and research landscape.
With a view to Brussels, Leibinger said it was important for Germany to take on a more confident leadership role again and for Europe to become more strategically independent.
"Public investment in modern infrastructure, in the transformation and the resilience of our economy, is urgently needed," Leibinger said, also calling for a reduction in bureaucracy, lower energy prices and a clear strategy for strengthening the German innovation and research landscape.
With a view to Brussels, Leibinger said it was important for Germany to take on a more confident leadership role again and for Europe to become more strategically independent.
Reuters
World News
Germany
Economy
Crisis
Next
Lab holding Ebola in DRC's Goma at risk amid fighting: Red Cross says
Russian delegation arrives in Syria: State media
Previous
Related Articles
d-none hideMe
0
News Bulletin Reports
2025-03-24
Lebanese lira ranks as the world’s weakest currency amid deepening economic crisis — What’s driving its decline?
News Bulletin Reports
2025-03-24
Lebanese lira ranks as the world’s weakest currency amid deepening economic crisis — What’s driving its decline?
0
News Bulletin Reports
2025-01-11
Lebanon's new president faces economic crisis, reform challenges
News Bulletin Reports
2025-01-11
Lebanon's new president faces economic crisis, reform challenges
0
Middle East News
2025-03-13
Women's 'political, economic' rights enshrined in Syria constitutional declaration
Middle East News
2025-03-13
Women's 'political, economic' rights enshrined in Syria constitutional declaration
0
News Bulletin Reports
2025-02-28
World Bank's role in reconstruction: Can Lebanon rebuild without economic and political reforms?
News Bulletin Reports
2025-02-28
World Bank's role in reconstruction: Can Lebanon rebuild without economic and political reforms?
Recommended For You
d-none hideMe
0
World News
02:22
Europe will respond proportionately to likely Trump tariffs, French industry minister says
World News
02:22
Europe will respond proportionately to likely Trump tariffs, French industry minister says
0
World News
01:59
Russia destroys 93 Ukrainian drones
World News
01:59
Russia destroys 93 Ukrainian drones
0
World News
01:48
Myanmar earthquake death toll reaches 2,886, Xinhua reports
World News
01:48
Myanmar earthquake death toll reaches 2,886, Xinhua reports
0
World News
01:40
China carries out live-fire drills in East China Sea in escalation of Taiwan exercises
World News
01:40
China carries out live-fire drills in East China Sea in escalation of Taiwan exercises
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2025-02-25
Lebanese political figures offer condolences to Hezbollah after leaders' funeral
Lebanon News
2025-02-25
Lebanese political figures offer condolences to Hezbollah after leaders' funeral
0
Israel-Gaza War Updates
2025-03-03
One dead in Israel stabbing attack, assailant 'killed': First responders
Israel-Gaza War Updates
2025-03-03
One dead in Israel stabbing attack, assailant 'killed': First responders
0
Lebanon News
2025-01-18
US allocates $117 million to support Lebanese Army and ISF
Lebanon News
2025-01-18
US allocates $117 million to support Lebanese Army and ISF
0
Israel-Gaza War Updates
02:04
Gaza rescuers say 15 killed in Israeli strikes on two homes
Israel-Gaza War Updates
02:04
Gaza rescuers say 15 killed in Israeli strikes on two homes
Videos
d-none hideMe
0
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
0
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
0
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
0
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
0
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
0
Lebanon News
2025-02-14
Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events
Lebanon News
2025-02-14
Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events
0
Lebanon News
2025-02-13
Saad Hariri holds series of diplomatic and religious meetings in Beirut
Lebanon News
2025-02-13
Saad Hariri holds series of diplomatic and religious meetings in Beirut
0
Lebanon News
2025-02-13
LBCI monitors removal of barriers and barbed wire in Downtown Beirut
Lebanon News
2025-02-13
LBCI monitors removal of barriers and barbed wire in Downtown Beirut
0
Lebanon News
2025-02-10
Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)
Lebanon News
2025-02-10
Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
13:05
Aid oversight: Why are the US, Saudi Arabia, and IMF focused on Lebanon's Reconstruction Council leadership?
News Bulletin Reports
13:05
Aid oversight: Why are the US, Saudi Arabia, and IMF focused on Lebanon's Reconstruction Council leadership?
2
Lebanon News
05:07
Sources to LBCI: Israeli airstrike on Beirut's southern suburbs kills four, names identified
Lebanon News
05:07
Sources to LBCI: Israeli airstrike on Beirut's southern suburbs kills four, names identified
3
Lebanon News
12:42
Spanish media: Three arrested in Barcelona for supplying drone parts to Hezbollah
Lebanon News
12:42
Spanish media: Three arrested in Barcelona for supplying drone parts to Hezbollah
4
News Bulletin Reports
12:50
A shift in targeting policy: Israel links Beirut strikes to global threats
News Bulletin Reports
12:50
A shift in targeting policy: Israel links Beirut strikes to global threats
5
Lebanon News
05:24
Israel's Adraee says strike targeted member of Hezbollah's Unit 3900 and Iran's Quds Force Hassan Bdeir
Lebanon News
05:24
Israel's Adraee says strike targeted member of Hezbollah's Unit 3900 and Iran's Quds Force Hassan Bdeir
6
News Bulletin Reports
12:47
Details emerge: Israel strikes building in Beirut's southern suburbs, marking second attack in days
News Bulletin Reports
12:47
Details emerge: Israel strikes building in Beirut's southern suburbs, marking second attack in days
7
Lebanon News
06:29
Speaker Berri says Israeli airstrike on Beirut's suburbs undermines UN-brokered agreement
Lebanon News
06:29
Speaker Berri says Israeli airstrike on Beirut's suburbs undermines UN-brokered agreement
8
Lebanon News
03:26
Toll from Israeli airstrike on Beirut's southern suburbs: Three killed, seven injured
Lebanon News
03:26
Toll from Israeli airstrike on Beirut's southern suburbs: Three killed, seven injured
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More