Germany on Wednesday lowered its 2025 growth forecast to 0.3%, down from 1.1%, as the country's stagnant economy continues to struggle. Economy Minister Robert Habeck announced the new gross domestic product (GDP) estimate in a presentation of the government's annual economic report in Berlin.

Germany is to present a revised economic forecast for 2025 on Wednesday, with gross domestic product (GDP) expected to grow by a meagre 0.3%. Economy Minister Robert Habeck is due to announce the new figure - a significant drop from last autumn's estimate of 1.

Germany didn’t fully exhaust its strict debt limits last year after the failure to pass a budget and the collapse of the government hampered spending plans.Most Read from BloombergTrump's Federal Fund

Chancellor Olaf Scholz accuses tech billionaire of leveraging his social media to interfere in global affairs and back far-right movements, voicing concerns over impact on European democracy

Meeting with French President Macron in Paris, Chancellor Scholz says Europeans will not ‘duck and hide’, but will strive to be a ‘self-confident partner’ for United States - Anadolu Ajansı

Chancellor Olaf Scholz’s latest demand is likely to stall a €3 billion aid package to the war-ravaged country as Russian forces continue their advance.