Germany slashes 2024 growth forecast to just 0.2%

Germany slashes 2024 growth forecast to just 0.2%

Robert Habeck, Federal Minister for Economic Affairs and Climate Protection and Vice Chancellor, pictured during the weekly cabinet meeting on February 21, 2024 in Berlin. Florian Gärtner | Photo library | Getty Images Germany’s gross domestic product is expected to grow by just 0.2% this year as the country finds itself in “difficult waters,” Federal…

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Germany’s Defense Minister Boris Pistorius says 2% defense spending just the start

Germany’s Defense Minister Boris Pistorius says 2% defense spending just the start

Germany’s defense minister said Saturday that his country’s pledge to spend 2% of GDP on defense was just the starting point and that more was likely needed. Previously, Chancellor Olaf Scholz had insisted that the 2% spending target would be achieved “in the 2020s, 2030s and beyond”. However, German Defense Minister Boris Pistorius emphasized that…

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