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German Economic Crisis (2022–present)
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leading to recession. Several economists, business figures, and other experts expressed concern that Germany's economic downturn could cause the nation to reclaim its reputation as the "sick man of Europe" from the 1990s. Economists stated that Germany's economy was in a "permanent crisis mode", with the Handelsblatt Research Institute declaring that it was in its "greatest crisis in post-war history" after projecting a third consecutive year of recession in 2025. This decline was attributed to multiple factors: A lack of urgency in diversifying its energy supply before 2022 leading to increased energy pric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). There is no official definition of a recession, according to the International Monetary Fund, IMF. In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom and Canada, a recession is defined as negative economic growth for two consecutive qu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ING Group
ING Group N.V. () is a Dutch multinational corporation, multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the List of largest banks, largest banks globally. ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since in 2012, ING Bank is a member in the list of systemically important banks, list of global systemically important banks. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. In 2020, ING had 53.2 million clients in more than 40 countries. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alternative For Germany
Alternative for Germany (, AfD, ) is a Far-right politics in Germany (1945–present), far-right,Far-right: * * * * * * * * * * * * * * Right-wing populism, right-wing populist and National conservatism, national-conservative political party in Germany. The Federal Office for the Protection of the Constitution (BfV), Germany's domestic intelligence agency, had classified the party as a "confirmed right-wing extremist endeavour". This classification was temporarily suspended by the BfV a week after its announcement in May 2025. The report that led to the classification was later leaked to the public. The federal branch of the AfD has been under surveillance since a court ruling in 2022 after it was classified by the domestic intelligence as a "suspected extremist party" in 2021. This classification of a party represented in the federal parliament was a first in the history of Germany. Its name reflects its resistance to the mainstream policies of Angela Merkel a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Right-wing Populism
Right-wing populism, also called national populism and right populism, is a political ideology that combines right-wing politics with populist rhetoric and themes. Its rhetoric employs anti- elitist sentiments, opposition to the Establishment, and speaking to or for the common people. Recurring themes of right-wing populists include neo-nationalism, social conservatism, economic nationalism, and fiscal conservatism. Frequently, they aim to defend a national culture, identity, and economy against attacks by outsiders. Right-wing populism has associations with authoritarianism, while some far-right populists draw comparisons to fascism. Right-wing populism in the Western world is sometimes associated with ideologies such as anti-environmentalism, anti-globalization, nativism, and protectionism. In Europe, the term is often used to describe groups, politicians, and political parties generally known for their opposition to immigration, especially from the Muslim world, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Populism
Populism is a essentially contested concept, contested concept used to refer to a variety of political stances that emphasize the idea of the "common people" and often position this group in opposition to a perceived elite. It is frequently associated with anti-establishment and anti-political sentiment. The term developed in the late 19th century and has been applied to various politicians, parties, and movements since that time, often assuming a pejorative tone. Within political science and other social sciences, several different definitions of populism have been employed, with some scholars proposing that the term be rejected altogether. Etymology and terminology The term "populism" has long been subject to mistranslation and used to describe a broad and often contradictory array of movements and beliefs. Its usage has spanned continents and contexts, leading many scholars to characterize it as a vague or overstretched concept, widely invoked in political discourse, yet i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Olaf Scholz
Olaf Scholz (; born 14 June 1958) is a German politician who served as the Chancellor of Germany from 2021 to 2025. A member of the Social Democratic Party of Germany, Social Democratic Party (SPD), he previously served as Vice-Chancellor of Germany, vice chancellor in the fourth Merkel cabinet and as Federal Ministry of Finance (Germany), Federal Minister of Finance from 2018 to 2021. He was also List of mayors of Hamburg, First Mayor of Hamburg from 2011 to 2018, deputy leader of the SPD from 2009 to 2019, and Federal Ministry of Labour and Social Affairs, Federal Minister of Labour and Social Affairs from 2007 to 2009. Scholz began his career as a lawyer specialising in labour and employment law. He became a member of the SPD in the 1970s and was a member of the Bundestag from 1998 to 2011. Scholz served in the Government of Hamburg, Hamburg Government under List of mayors of Hamburg, First Mayor Ortwin Runde in 2001 and became Social Democratic Party of Germany, general secr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of Germany
The chancellor of Germany, officially the federal chancellor of the Federal Republic of Germany, is the head of the federal Cabinet of Germany, government of Germany. The chancellor is the chief executive of the Federal Government of Germany, Federal Cabinet and heads the executive branch. The chancellor is elected by the Bundestag on the proposal of the President of Germany, federal president and without debate (Article 63 of the Basic Law for the Federal Republic of Germany, German Constitution). During a state of defence declared by the Bundestag the chancellor also assumes the position of commander-in-chief of the Bundeswehr. List of chancellors of Germany, Ten people (nine men and one woman) have served as chancellor of the Federal Republic of Germany, the first being Konrad Adenauer from 1949 to 1963. (Another 26 men had served as "Reich chancellors" of the previous German Empire from 1871 to 1945.) The current officeholder is Friedrich Merz of the Christian Democratic Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Traffic Light Coalition
In German politics, a traffic light coalition () is a coalition government of the Social Democratic Party (SPD), the Free Democratic Party (FDP) and Alliance 90/The Greens. It is named after the parties' traditional colours, respectively red, yellow, and green, matching the colour sequence of a traffic light (''Ampel''). So far, the only instance of a traffic light coalition on a federal level in Germany has been in Olaf Scholz' cabinet between 2021 and its collapse over disagreements in November 2024. The term is also used for similar coalitions between social democrats, liberals and greens in other countries. History At a state level, early traffic light coalitions occurred in Brandenburg between 1990 and 1994 and in Bremen between 1991 and 1995. Negotiations to form such a coalition following the 2001 Berlin state election were not successful; likewise, preliminary talks after the 2010 North Rhine-Westphalia state election led to no result. A traffic light coalition w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Immigration To Germany
Immigration to Germany, both in the country's modern borders and the many political entities that preceded it, has occurred throughout the country's history. Today, Germany is one of the most popular destinations for immigrants in the world, with well over 1 million people moving there each year since 2013. As of 2024, around List of sovereign states by immigrant and emigrant population, 16.8 million people living in Germany, or about 20% of the population, are Immigrant generations, first-generation immigrants, while the population share with a Migration background, migrant background in the wider sense was almost 30%. Even before Germany's formal Unification of Germany, founding in 1871, its predecessor states, such as the Holy Roman Empire and the German Confederation, were common destinations for the persecuted or migrant workers. Early examples include Protestants seeking religious freedom and refugees from the partitions of Poland. Jewish migrants, mostly from Eastern Europ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Women In The Workforce
Since the Industrial Revolution, participation of women in the workforce outside the home has increased in industrialized nations, with particularly large growth seen in the 20th century. Largely seen as a boon for industrial society, women in the workforce contribute to a higher national economic output as measure in Gross domestic product, GDP as well as decreasing labor costs by increasing the labor supply in a society. Women's lack of access to higher education had effectively excluded them from the practice of well-paid and high status occupations. Entry of women into the higher professions, like law and medicine, was delayed in most countries due to women being denied entry to universities and qualification for degrees. For example, Cambridge University only fully validated degrees for women late in 1947, and even then only after much opposition and acrimonious debate. Women were largely limited to low-paid and poor status occupations for most of the 19th and 20th centu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Population Ageing
Population ageing is an overall change in the ages of a population. This can typically be summarised in a single parameter as an increase in the median age. Causes are a long-term decline in fertility rates and a decline in mortality rates. Most countries now have declining mortality rates and an ageing population: trends that emerged first in developed countries but are now also seen in virtually all developing countries. In most developed countries, population ageing started in the late 19th century. By the late 20th century, the world population as a whole was also ageing. The proportion of people aged 65 and above accounts for 6% of the total population. This reflects a historic overall decline in the world's average fertility rate. That is the case for every country in the world except the 18 countries designated as "demographic outliers" by the United Nations. The aged population is currently at its highest level in human history. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skilled Worker
A skilled worker is any worker who has special skill, training, or knowledge which they can then apply to their work. A skilled worker may have learned their skills through work experience, on-the-job training, an apprenticeship program or formal education. These skills often lead to better outcomes economically. The definition of a skilled worker has seen change throughout the 20th century, largely due to the industrial impact of the Great Depression and World War II. Further changes in globalisation have seen this definition shift further in Western countries, with many jobs moving from manufacturing based sectors to more advanced technical and service based roles. Examples of formally educated skilled labor include engineers, scientists, doctors and teachers, while examples of less formally educated workers include crane operators, CDL truck drivers, machinists, drafters, plumbers, craftsmen, cooks and bookkeepers. History In the northern region of the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
