Germany’s GDP shrinks 0.2% in 2024, marking second year of contraction
Wednesday, 15 January 2025 () Germany, Europe’s largest economy, recorded its second consecutive annual contraction in 2024, with gross domestic product (GDP) shrinking by 0.2%, according to data from the Federal Statistics Office, Destatis. This marks a troubling continuation of the country’s economic woes, following a 0.3% contraction in 2023. While the decline aligns with forecasts by the European Commission […]
Wednesday, 15 January 2025 ()
Germany, Europe’s largest economy, recorded its second consecutive annual contraction in 2024, with gross domestic product (GDP) shrinking by 0.2%, according to data from the Federal Statistics Office, Destatis. This marks a troubling continuation of the country’s economic woes, following a 0.3% contraction in 2023. While the decline aligns with forecasts by the European Commission […]