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German Economy

From the West Germany economic miracle of the 1950s to Daimler, Siemens and BASF, Germany has chugged its way into the new century on the back of its export economy. A beneficiary of free trade within Europe, Germany has the continent's largest economy and the fourth largest in the world.

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Economist Nouriel Roubini "Twitter and the Other Platforms Are Bad, Facebook Is Worse"

Star economist Nouriel Roubini believes that President-elect Joseph Biden's first term will be overshadowed by civil unrest at home and cyberattacks from abroad. He believes social media platforms must be more strictly regulated. Interview Conducted by Tim Bartz

"Twitter and the Other Platforms Are Bad, Facebook Is Worse" - Peter Lueders / DER SPIEGEL

The Future of Electric Tesla Joins the Race for the Next-Gen Battery

China, Japan and South Korea have long been in the lead when it comes to car battery technology. With new technologies and better production methods, Tesla now wants to change that. Germany is falling behind. By Philip Bethge

Tesla Joins the Race for the Next-Gen Battery - Benjamin Spillman / The Reno Gazette-Journal / AP / picture alliance / AP

The Tesla Factory Near Berlin Elon Musk Shows the Germans How to Move Quickly

Tesla is racing ahead with construction of its new factory just outside of Berlin. All that's left for German carmakers is to watch and learn. By Markus Dettmer, Simon Hage und Michael Kröger

Elon Musk Shows the Germans How to Move Quickly - Julian Stähle / dpa

The 1,200-Euro Experiment Longitudinal Study on Unconditional Basic Income Launches in Germany

How would life change if you were given 1,200 euros a month with no strings attached? A study launched last week in Germany to find out. Research team leader Jürgen Schupp hopes for answers to important questions. Interview Conducted by Florian Diekmann

Longitudinal Study on Unconditional Basic Income Launches in Germany - Ulrich Perrey/ dpa

Pushed to the Edge By Corona Can German City Centers Be Saved?

First came online retail and the financial crisis, now COVID-19: City-center shopping districts in Germany are suffering. But strategies are being developed to save them. Will they work? By Simon Book und Martin U. Müller

Can German City Centers Be Saved? - Ralph Peters/ imago images

Leading German Economist on Corona Policies “The Virus Must Be Contained Before the Economy Can Recover”

In an interview, Clemens Fuest, one of Germany’s top economists, discusses the impact of the coronavirus on governments and business. He says bankruptcies are inevitable and that the effects of the crisis will be with us for a long time to come. Interview Conducted by Martin Hesse und Michael Sauga

“The Virus Must Be Contained Before the Economy Can Recover” - Dirk Bruniecki/ DER SPIEGEL

Massive Income Loss Left Behind By the Coronavirus

Germans could lose as much as 390 billion euros due to the coronavirus pandemic. Some groups have been hit harder than others, and even a big chunk of the middle class is at risk of slipping into poverty.

Left Behind By the Coronavirus - Karsten Thielker

Interview with Economist Nouriel Roubini "The Stock Market Is Deluding Itself"

Prominent American economist Nouriel Roubini does not believe the global economy will recover quickly. He believes that the dire situation will produce a summer of protest in the U.S. and years of difficulties in Europe as well. Interview Conducted by Tim Bartz

"The Stock Market Is Deluding Itself" - Kerem Yucel / AFP

Generation Coronavirus Economic Scars for Decades to Come

Companies in Germany were practically begging 20- to 30-year-olds to come work for them. Then came the coronavirus, destroying health, lives and jobs. It will take decades for this generation to catch up economically.

Economic Scars for Decades to Come - Sebastian Wells/ OSTKREUZ

The Zombie Economy The Coronavirus Could Cripple Public Finances

The coronavirus has plunged the global economy into a new phase of uncertainty. Governments and central banks are once again trying to shield companies and banks from collapse with massive bailouts. But there is danger in stimulating the economy on credit: It could spark a post-crisis crisis. Von Martin Hesse und Michael Sauga

The Coronavirus Could Cripple Public Finances - Kenzo Tribouillard/ dpa

The Path Out of the Lockdown German Carmakers Prepare To Ramp Up Production

German carmakers are going to have to open up their factories and car dealerships again soon – otherwise they could face a widespread collapse. And that would be disastrous for the German economy. By Simon Hage

German Carmakers Prepare To Ramp Up Production - VOLKSWAGEN AG

The Environment and the Epidemic Politicians Call for Fewer Climate Protections During Coronavirus Crisis

German politicians have begun calling for industry to be shielded from too much environmental protection during the coronavirus crisis. But corporations aren't joining the appeal. They managed to turn CO2 reduction into a competitive advantage long ago.

Politicians Call for Fewer Climate Protections During Coronavirus Crisis - KRISZTIAN BOCSI / BLOOMBERG / GETTY IMAGES

The Price of Life Novel Coronavirus Is Forcing a Taboo Debate A DER SPIEGEL Editorial By Christiane Hoffmann

Some in Germany have the impression that the country can survive a long-term lockdown without suffering any grave consequences. That thinking is dangerous.

Novel Coronavirus Is Forcing a Taboo Debate - Axel Heimken/dpa/Pool/dpa

What Next? Attention Slowly Turns to the Mother of All Coronavirus Questions

The fight against the coronavirus has paralyzed society and the economy. Lockdown measures are fine for the short term, but they threaten to rapidly destroy the economy and erode our existing social order. What should the next steps be?

Attention Slowly Turns to the Mother of All Coronavirus Questions - MICHAEL PROBST / AP

Worse than Lehman Coronavirus Tightens Its Grip on the Economy

It is an unprecedented crisis: The coronavirus pandemic is crippling entire economies, while governments and central banks are deploying all means available to prevent a systemic collapse. How long can we hold out?

Coronavirus Tightens Its Grip on the Economy - CLEMENS BILAN/EPA-EFE/Shutterstock

Coronavirus Response German Cabinet Agrees to 750 Billion Euros in Emergency Aid Measures

The German cabinet on Monday agreed to an unprecedented aid package to prop up the country's economy as the coronavirus pandemic takes hold. Parliament is set to approve the package later this week.

German Cabinet Agrees to 750 Billion Euros in Emergency Aid Measures - Patrick Seeger/ picture alliance / dpa

Corona Crisis Emergency Relief Germany Plans 40 Billion Euro in Aid for Freelancers and Small Companies

Freelancers and small companies are getting hit especially hard by the corona crisis. DER SPIEGEL has learned that the federal government is planning a massive financial aid package. It would mark the end of Germany’s balanced budget policy. By Christian Reiermann

Germany Plans 40 Billion Euro in Aid for Freelancers and Small Companies - Christoph Soeder/ dpa

Second Chance VW Turns to Electric to Regain Momentum in the U.S.

The diesel scandal cost Volkswagen dearly in the U.S. But as part of its punishment, the company was required to developed a network of charging stations for electric vehicles. VW is now doubling down on the strategy. By Simon Hage

VW Turns to Electric to Regain Momentum in the U.S. - Erik S. Lesser/ picture alliance / dpa

Complacent No More It's Time for Germany to Step Up

The days in which Germany can afford to be complacent are over. Europe's largest economy needs to finally accept that it's too big and important to simply sit on the sidelines. It needs to invest, innovate -- and above all, lead. Von Mathieu von Rohr

It's Time for Germany to Step Up - Michael Kappeler/ dpa

Economic Downturn Germany May Abandon Its Beloved Black Zero

Chancellor Angela Merkel is still clinging to her policy of a balanced budget, but it is becoming increasingly clear that Germany's economic downturn could soon usher in a return to deficit spending. Government ministries are already signaling a willingness to abandoned years of cautious fiscal policy. Von Christian Reiermann

Germany May Abandon Its Beloved Black Zero

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