After accounting for price, seasonal, and calendar variations, the fourth quarter of 2024 saw a 0.2% decrease in GDP in Germany compared to the third quarter of 2024, the German statistical office Destatis said today.
While household and government final consumption expenditures increased, exports were significantly lower than in the previous quarter, after accounting for price, seasonal, and calendar adjustments.
After a year of economic and structural
challenges, the German economy finished 2024 in negative
territory.
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