Germany 2023 full-year GDP -0.3% vs -0.3% expected

  • Latest data released by Destatis - 15 January 2024
DEGDP
  • Prior (2022) +1.8%

This is just the preliminary figure but it matches with estimates in confirming negative growth in the German economy last year. This is largely due to the manufacturing recession and weaker consumption activity in Europe's largest economy.

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