German economy shrinks for second year in a row, falling 0.2% in 2024

NAMPA / DPA
2025-01-15
Frankfurt (dpa) - The German economy shrank in 2024, with gross domestic product falling by 0.2% compared to the previous year, according to preliminary data from the Federal Statistical Office. This marks the second year in a row of negative growth for Europe's largest economy. Preliminary fourth-quarter data, also released on Wednesday, showed that the German economy shrank over those three months by 0.1% compared to the previous quarter, accor......
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