German economy shrinks for 2nd year in a row
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.
Germany's economy shrank for the 2nd consecutive year in 2024
The Federal Statistical Office said that gross domestic product contracted by 0.2% last year following a decline in 2023. Chancellor Olaf Scholz's three-party coalition government collapsed in November when Scholz fired his finance minister in a dispute over how to revitalize the economy.
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BERLIN (AP) — The German economy, Europe’s biggest, shrank for the second consecutive year in 2024, according to preliminary ...
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Germany’s economy shrank for second consecutive year in 2024, figures showThe 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 ...
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