Germany's Economy Shrinks for Second Year
Germany's economy shrunk for a second consecutive year in 2024, continuing its struggle with internal and external challenges.
Germany’s Economy Shrank Last Year. Here’s How Politicians Plan to Revive It.
Friedrich Merz, the chancellor candidate for the conservative Christian Democratic Union, acknowledged the need for a “major effort” to revive the economy as his party pledges to return German growth to 2 percent over the next five years through changes to the welfare and tax systems.
German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and
Germany's economy shrank for the second consecutive year in 2024
The year's weak performance underlines Germany's status as Europe's worst performing major economy and shows the country as having no meaningful growth in four years. Gross domestic product contracted by 0.
German Economy Shrinks Again Amid Political Crisis
Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.
Germany’s economy shrinks again amid tariff tensions
Germany’s economy is tanking—again. For the second year in a row, Europe’s largest economy is officially in decline, shrinking by 0.2% in 2024 after a 0.3% contraction in 2023. This is the first time since 2003 that Germany has suffered back-to-back GDP drops.
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