Germany Faces Deepening Economic Crisis as Court Strikes Down Billions in Spending
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Germany facing budget crisis, economy struggling; chancellor vows fixes but offers few details
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Court struck down billions in funding for renewable energy projects and utility bill relief
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Cuts could slow Germany's already worst-performing major economy
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Government changing 2023 budget to declare emergency citing energy crisis
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Economists say spending cuts in 2023-2024 could reduce output up to 0.5% over next 2 years