German economy shrinks by 0.2 percent

Minister of Water discusses enhancing climate, water information systems with World Bank

Minister of Water and Environment Engineer Tawfiq al-Sharjabi held a meeting today via video conferencing with a team from the World Bank.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

U.S. President plans to increase tariffs on steel, aluminum imports

U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.

Portugal Wins UEFA Nations League Title

Portugal claimed its second UEFA Nations League title after defeating Spain 5-3 in a penalty shootout, following a 2-2 draw after extra time. The match, held in Munich, Germany, saw both teams create scoring opportunities, but it was Portugal's precision in the penalty shootout that ultimately secured the victory.

Last Update: ، 2025/07/01 Time 03:18:18
Latest News:

Minister of Water discusses enhancing climate, water information systems with World Bank

Minister of Agriculture discusses support for agricultural and fisheries sectors in Yemen with Japanese ..

Yemeni Leader Discusses Cooperation with Indian Ambassador

Foreign Minister Receives Copy of Vietnamese Ambassador's Credentials

Leadership Council Chairman Meets with National Bloc Leaders to Discuss Challenges

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.