Home » The German economy remains under pressure

The German economy remains under pressure

by admin
The German economy remains under pressure

In addition, the deficit in the German state budget last year was larger than previously assumed. Expenditure by the federal government, states, municipalities and social security exceeded income by 87.4 billion euros, as the Federal Statistical Office announced on Friday. An initial estimate in January only showed a loss of 82.7 billion euros. The new result corresponds to a deficit ratio of 2.1 (previously: 2.0) percent of gross domestic product, which once again remained below the EU upper limit of three percent.

See also  The fresh food track is getting crowded and daily fresh food breaks on the first day of listing

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy