The show organised at the iconic Marina Beach to celebrate the air force's 92nd anniversary was attended by about 1.5 million people
world6 hours ago
Germany's economic model is not broken but Europe's biggest economy has lost competitiveness for about a decade, German Finance Minister Christian Lindner said on Monday.
"We can't be satisfied with the economic developments in Germany," he told journalists ahead of a Eurogroup meeting.
The German economy is expected to contract by 0.2 per cent in 2024, an economy ministry spokesperson said on Monday, cutting the forecasts from a previous projection of 0.3 per cent growth this year.
Lindner said the government is introducing supply-side measures to return to growth.
"After these reforms, Germany will have more competitiveness again," Lindner said, adding that the growth initiative is just a first step for an economic turnaround, "but we have to build on it."
The show organised at the iconic Marina Beach to celebrate the air force's 92nd anniversary was attended by about 1.5 million people
world6 hours ago
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