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

NAMPA / DPA

2025-01-15

Frankfurt (dpa) - Germany's struggling economy shrank for a second year in a row in 2024, with gross domestic product (GDP) declining by 0.2% compared to the previous year, according to preliminary data from the Federal Statistical Office. Europe's largest economy contracted by 0.3% in 2023. "Economic and structural burdens stood in the way of better economic growth in 2024," the agency's leader, Ruth Brand, said at a press conference in Berlin.......

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