International Economic

German government now projecting a second year of GDP contraction

By Josh White

Date: Wednesday 09 Oct 2024

(Sharecast News) - Germany's economy is set to contract by 0.2% in 2024, marking the second consecutive year of shrinking output, according to a statement from the country's economy ministry on Wednesday.
The forecast made Germany the only member of the G7 group of industrialised nations projected to experience economic contraction...

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