German economy shrinks by 0.2 percent

EU condemns Houthi militias' attack on commercial ship flying Dutch flag in Gulf of Aden

The European Union (EU) strongly condemned the attack by the Iranian-backed Houthi terrorist militias on the commercial ship (MINERVAGRACHT), which flies the Dutch flag in the Gulf of Aden.

Israeli Aggression in Gaza leaves 66,005 People Martyred and 168,162 Others Injured

The Israeli occupation's assault on Gaza since October 7, 2023 has claimed a devastating toll of 66,005 lives and 168,162 injuries.

Oil rises from its lowest level in 16 weeks

Oil prices rose today, Thursday, ending a three-day losing streak, recovering from their lowest levels in 16 weeks, but expectations of increased supply from "OPEC+" next month limited the gains.

Paris Saint-Germain beat Barcelona 2-1 in the Champions League

Paris Saint-Germain beat Barcelona 2-1 in the second round of the Champions League for the league stage.

Last Update: ، 2025/10/02 Time 10:25:54
Latest News:

Defense Minister meets with the French Ambassador, Military Attaché

Chairwoman of Woman National Committee seeks French support for Yemeni woman issues

Humanitarian partners discuss confronting risks of spread cholera in Taiz

Planning Minister discusses with UN's official economic situations

German-funded training program for medics kicked-off

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.