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Germany Today

German news in English

Friday, November 22, 2024

Germany's Economic Stagnation and Birth Rate Decline

Published: 2024-10-24

Germany is facing economic stagnation, with the International Monetary Fund predicting zero percent growth for the year, placing it last among major developed nations.

This economic standstill is mirrored by a significant decline in birth rates, with 2023 seeing the lowest number of births in a decade.

The birth rate has dropped to 1.35 children per woman, a level not seen since 2006. This decline is attributed to various factors, but a key reason is the lack of confidence in the economic future, which influences family planning decisions.

While other economies are growing, Germany's struggle highlights the intertwined nature of economic confidence and demographic trends.