Germany’s economy shrank for the second consecutive year in 2024
The German economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery.
Germany's economy shrinks for a second year in a row as election looms
Europe's biggest economy shrank for a second year in a row in 2024, according to data released on Wednesday by the Federal Statistics Office.
German economy contracts 0.2% in 2024 in second consecutive annual slowdown
The German economy contracted by 0.2% in 2024, in the second consecutive year of declines in the annual gross domestic product of Europe’s largest economy.
Battling political crisis, Germany’s economy shrinks in 2024 for second straight year
Gross domestic product in the eurozone’s largest economy declined 0.2 percent last year, according to preliminary figures from federal statistics agency Destatis, coming after a 0.3 percent contraction in 2023.
German economy contracted for 2nd consecutive year in 2024
Germany 's economy, which is the biggest in Europe, shrunk for the second consecutive year in 2024. The country's gross domestic product (GDP) shrank by 0.2% last year, after a similar decline in 2023. The economic blow was disclosed by preliminary official figures released today, just weeks before an election in which the economy is a key issue.
German economy shrinks again, little light on horizon
The German economy contracted for the second year in a row in 2024, official figures showed today, with little prospect of a strong recovery ahead for Europe's traditional powerhouse.
Germany’s economy shrank for second consecutive year in 2024, figures show
The German economy shrank for the second consecutive year in 2024, according to preliminary official figures. The stats come just weeks before an election largely focused on the economy. The Federal Statistical Office said that gross domestic product contracted by 0.2% in Europe’s largest economy last year following a decline in 2023.
German Economy Shrinks for Second Straight Year Before Election
Germany’s economy shrank for a second consecutive year in 2024 and is unlikely to grow much in 2025, laying bare the challenge for the country’s new government once snap elections are held in February.
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