Bureau Chief for Germany, Austria, Switzerland
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Aug 15, 2014

Insight – End of the Wirtschaftswunder? Germany’s sudden slowdown

BERLIN (Reuters) – The German football team’s romp to victory in last month’s World Cup was hailed at home as a symbol of the country’s emergence as a confident global economic power.

But in an ironic twist, the feel-good triumph in Brazil may have come at a time when Germany’s new “Wirtschaftswunder”, or economic miracle, is coming to an end.

Aug 15, 2014

End of the Wirtschaftswunder? Germany’s sudden slowdown

BERLIN, Aug 15 (Reuters) – The German soccer team’s romp to
victory in last month’s World Cup was hailed at home as a symbol
of the country’s emergence as a confident global economic power.

But in an ironic twist, the feel-good triumph in Brazil may
have come at a time when Germany’s new “Wirtschaftswunder”, or
economic miracle, is coming to an end.

Aug 14, 2014

German economy shrinks, hitting European recovery hopes

BERLIN, Aug 14 (Reuters) – Europe’s largest economy Germany
suffered a surprise contraction in the second quarter, raising
doubts about whether it can prop up growth across a continent
where tougher sanctions against Russia are already fuelling
business anxiety.

The 0.2 percent fall in German gross domestic product (GDP),
the first quarterly contraction in more than a year, was driven
by foreign trade, a traditional supporter of German growth, and
a decline in construction investment, the Federal Statistics
Office said on Thursday.

Aug 12, 2014
    • About Noah

      "I run the Reuters news operations for Germany, Austria and Switzerland based in Berlin, and write regularly about German politics and European economic issues. I've reported from over 20 countries for Reuters since joining in the mid-1990s, including stints in Paris, London and New York."
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