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German economy enters recession
déguó jīngjì xiànrù shuāituì
德国经济陷入衰退
。

Germany confirmed economy contracted for second consecutive year
déguó quèkěn jīngjì liánxù dì èr nián chūxiàn wěisuō
德国确认经济连续第二年出现萎缩
。

January 30, 2024 at 2:00 PM

German economy contracted for the second consecutive year in 2024
déguó jīngjì zài èr líng èr sì nián liánxù dì èr nián chūxiàn wěisuō
德国经济在二零二四年连续第二年出现萎缩
,
officially confirmed to be in recession
bèi zhèngshì quèkěn xiànrù jīngjì shuāituì
被正式确认陷入经济衰退
。
high energy costs are the main reason for economic weakness
gāoáng de néng yuán chéngběn shì jīngjì píruò de zhǔyào yuányīn
高昂的能源成本是经济疲弱的主要原因
。
the European energy crisis after the Ukraine war dealt a heavy blow to German manufacturing
wūkèlán zhànzhēng hòu Ōuzhōu néng yuán wēijī duì déguó zhìzàoyè zàochéng chénzhòng dǎjī
乌克兰战争后欧洲能源危机对德国制造业造成沉重打击
。
declining Chinese demand further weakened German exports
zhōngguó xūqiú xiàjiàng jìnyībù xuēruò le déguó de chūkǒu
中国需求下降进一步削弱了德国的出口
。
the automotive sector faces pressure from electrification transition
qìchē xíngyè miànlín diàndònghuà zhuǎnxíng yālì
汽车行业面临电动化转型压力
。
Germany has been mockingly called the sick man of Europe
déguó bèi fěngcì de chēngwéi Ōuzhōu de bìngfu
德国被讽刺地称为欧洲的病夫
。
government stimulus measures had limited effect
zhèngfǔ jīngjì cìjī cuòshī shōuxiào shènwēi
政府经济刺激措施收效甚微
。
economists predict recovery will proceed slowly
jīngjìxuéjiā yùcè fùsū jiāng huǎnmàn jìnxíng
经济学家预测复苏将缓慢进行
。

New Words

jīngjì shuāituì
经济衰退
recession
wěisuō
萎缩
contraction
néng yuán chéngběn
能源成本
energy costs
zhìzàoyè
制造业
manufacturing
diàndònghuà
电动化
electrification
chūkǒu
出口
export
cìjī cuòshī
刺激措施
stimulus measures
fùsū
复苏
recovery
jīngjìxuéjiā
经济学家
economist
bìngfu
病夫
sick man

News in English

Business

Germany Confirms Economic Recession

Germany confirmed recession in 2024 with economy contracting for second consecutive year, affected by high energy costs and weak demand.

Germany's economy contracted for the second consecutive year in 2024, officially entering recession. High energy costs are the main reason for economic weakness. The European energy crisis following the Ukraine war dealt a heavy blow to German manufacturing. Declining Chinese demand further weakened German exports. The automotive sector faces pressure from the transition to electrification. Germany has been mockingly called the sick man of Europe. Government stimulus measures had limited effect. Economists predict recovery will proceed slowly.

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International Monetary Fund (IMF)
Guójì Huòbì Jījīn Zǔzhī
国际货币基金组织
and / with
yǔ
与
World Bank
Shìjiè Yínháng
世界银行
annual meeting
niánhuì
年会
in
zài
在
Bangkok
Màngǔ
曼谷
officially / formally
zhèngshì
正式
to open / to commence
kāimù
开幕
。

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Canada
Jiānádà
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trade
màoyì
贸易
minister
bùzhǎng
部长
to lead
shuài
率
300 people
sān bǎi rén
三百人
delegation
dàibiǎotuán
代表团
to go to
fù
赴
India
Yìndù
印度
to visit
fǎngwèn
访问
。

Canadian Trade Minister Leads 300-Member Delegation to India

artificial intelligence
réngōng zhìnéng
人工智能
revenue / income
shōurù
收入
prospects / outlook
qiánjǐng
前景
to trigger / to cause
yǐnfā
引发
doubts / questions
yíwèn
疑问
,
semiconductor
bàndǎotǐ
半导体
stock price
gǔjià
股价
from
cóng
从
October
shí yuè
十月
peak / high point
gāodiǎn
高点
to retreat / to fall back
huíluò
回落
。

AI Revenue Uncertainty Pulls Semiconductor Stocks Off October Highs

United States
Měiguó
美国
stock market
gǔshì
股市
Friday
zhōuwǔ
周五
strongly / with force
qiángshì
强势
to rebound / to rally
fǎntán
反弹
,
Dow Jones Index
Dào Zhǐ
道指
gained more than
zhǎng chāo
涨超
400 points
400 diǎn
400点
,
to end / to conclude
jiéshù
结束
volatile / turbulent
dòngdàng
动荡
(particle)
de
的
one week
yī zhōu
一周
。

US Stocks Cap Volatile Week With Strong Friday Rally as Dow Gains Over 400 Points