International Economic

German economy contracts for second consecutive year

By Abigail Townsend

Date: Wednesday 15 Jan 2025

(Sharecast News) - The Germany economy shrank for the second year in a row in 2024, official data showed on Wednesday, weighed down by weakness across both manufacturing and construction.
According to first estimates from Destatis, Germany's Federal Statistical Office, GDP contracted by 0.2% year-on-year in 2024. That compares to a...

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