Skyscrapers on the Frankfurt skyline in the evening, with the Deutschehern Bridge in the foreground.
Frank Rumpenhorst | Image Alliance | Getty Images
Data from the German Statistical Office showed on Wednesday that the German economy contracted by 0.2% in 2024, the second consecutive annual slowdown in the country.
The decline was in line with expectations of economists polled by Reuters, according to LSEG data. the European Commission And a group of Leading economic institutes in Germany They both independently forecast a 0.1% decline in German GDP in 2024.
The German economy had already done so It will shrink by 0.3% in 2023.
This is a breaking news story, please check back for updates.
