{"id":628272,"date":"2024-01-16T09:50:25","date_gmt":"2024-01-16T04:20:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=628272"},"modified":"2024-01-16T10:23:41","modified_gmt":"2024-01-16T04:53:41","slug":"german-economy-shrinks-0-3-costly-energy-higher-interest-rates-to-blame","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/german-economy-shrinks-0-3-costly-energy-higher-interest-rates-to-blame\/","title":{"rendered":"German economy shrinks 0.3%, costly energy, higher interest rates to blame"},"content":{"rendered":"<p>Germany&#8217;s economy shrank 0.3 per cent last year as Europe&#8217;s former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labour and a homegrown budget crisis. <\/p>\n<p>Europe&#8217;s largest economy has been mired in stagnation since the last months of 2022 amid those multiple challenges. The International Monetary Fund expected Germany to be the worst-performing major developed economy last year, a major turnaround from its place as a model for how to expand when other nations were struggling.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s economy shrank 0.3 per cent last year as Europe&#8217;s former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labour and a homegrown budget crisis. Europe&#8217;s largest economy has been mired in stagnation since the last months of 2022 amid those multiple challenges. The International Monetary Fund expected Germany to be the worst-performing major developed economy last year, a major turnaround from its place as a model for how to expand when other nations were struggling.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-628272","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/628272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=628272"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/628272\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=628272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=628272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=628272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}