https://www.taxtmi.com/news?id=30363 Germany's economy contracted for a second consecutive year due to weak consumer spending, stronger international competition-especially from China-in key export sectors, higher energy costs, and high interest rates that deter investment. Structural issues such as excessive bureaucracy and skilled-labour shortages exacerbate stagnation. The downturn has political consequences, including government instability and election-driven debate over policy responses, while trade-policy risks and geopolitical uncertainty pose further downside risks despite a resilient labour market. en-us Wed, 15 Jan 2025 17:46:03 +0530 Wed, 15 Jan 2025 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30363 Germany's economy contracted for a second consecutive year due to weak consumer spending, stronger international competition-especially from China-in key export sectors, higher energy costs, and high interest rates that deter investment. Structural issues such as excessive bureaucracy and skilled-labour shortages exacerbate stagnation. The downturn has political consequences, including government instability and election-driven debate over policy responses, while trade-policy risks and geopolitical uncertainty pose further downside risks despite a resilient labour market. News - Wed, 15 Jan 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=30363