Germany news
fromwww.dw.com
5 hours agoGerman economy growth forecasts halved
The war in the Persian Gulf is expected to limit Germany's economic growth and increase inflation significantly this year.
The center-left Social Democrats (SPD), Germany's first political party, are struggling to muster their optimism in a year when five of Germany's 16 federal states are set to elect new parliaments. According to the latest opinion polls, the SPD could be voted out of power in two states that is has governed for decades. In two others, the SPD is polling in the single digits.
After the Supreme Court declared the tariffs illegal, Trump responded by declaring a new flat rate of 15% tariffs on all trading partners. As such, the EU has paused its ratification of the agreement as it waits to see what will happen with the new tariffs.