{"id":88819,"date":"2025-08-22T13:44:06","date_gmt":"2025-08-22T13:44:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/88819\/"},"modified":"2025-08-22T13:44:06","modified_gmt":"2025-08-22T13:44:06","slug":"economy-shrinks-more-than-expected-dw-08-22-2025","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/88819\/","title":{"rendered":"Economy shrinks more than expected \u2013 DW \u2013 08\/22\/2025"},"content":{"rendered":"

Germany’s\u00a0gross domestic product has fallen by 0.3% in the second quarter of 2025 compared with the first, showing Europe’s largest economy<\/a> losing momentum.<\/p>\n

The Federal Statistical Office said the decline was 0.2 points steeper than in its flash estimate from July 30, with weaker-than-expected industrial production driving the revision. GDP had grown 0.3% in the first quarter and 0.2% in the last quarter of 2024.<\/p>\n

Data showed that both manufacturing and construction output in June deteriorated more than first assumed. Private consumption was revised down after\u00a0service-sector statistics, including hospitality figures, pointed to weaker demand.<\/p>\n

Exports of goods and services edged 0.1% lower, weighed by a 0.6% decline in goods exports, while service exports rose 1.4%. Imports rose a strong 1.6%.<\/p>\n

Gross value added across the economy fell 0.2%. Construction slumped 3.7%, manufacturing dropped 0.3%, and trade, transport, and hospitality declined 0.6%. By contrast, information and communications and business services each grew 0.5%, but public services, education, and health\u00a0flatlined.<\/p>\n

Germany has been the only G7 economy to stagnate for the past two years and now faces the prospect of a third straight year of contraction, which would be a first in the country’s postwar history.<\/p>\n

Reviving growth has become a top priority for the new government as trade tensions mount. US\u00a0President Donald Trump imposed a baseline tariff of 10% on April 5, raising fears of further damage to Germany’s export-driven economy.<\/p>\n

German SMEs fear tariffs impact<\/p>\n

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Germany’s\u00a0gross domestic product has fallen by 0.3% in the second quarter of 2025 compared with the first, showing…\n","protected":false},"author":2,"featured_media":88820,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-88819","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/88819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=88819"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/88819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/88820"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=88819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=88819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=88819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}