Germany's gross domestic product (GDP) is expected to decline by 0.2% in 2024, according to a revised government forecast on Wednesday, meaning Europe's biggest economy is on course for recession.

Germany's GDP dropped 0.2% lower in 2024 than in the previous year, meeting consensus. "Economic and structural burdens stood in the way of better economic development in 2024," said Ruth Brand ...

Germany's economy shrunk for a second consecutive year in 2024, continuing its struggle with internal and external challenges.

– ‘Made in Germany is over’ – German GDP shrank by 0.3 percent in 2023 and by 0.2 percent in 2024, suffering from higher energy prices following Russia’s full-scale invasion of Ukraine.

Germany has struggled to generate significant growth for years and the economy shrank in each of the last two years. In last year's fourth quarter, it contracted by 0.2%.

Germany’s economy has been struggling for years, but news in September that carmaker Volkswagen was considering closing domestic plants for the first time ever drove home to many Germans the extent of ...

Germany's gross domestic product (GDP) is expected to decline by 0.2% in 2024, according to a revised government forecast on Wednesday, meaning Europe's biggest economy is on course for recession.

Germany has struggled to generate significant growth for years and the economy shrank in each of the last two years. In last year's fourth quarter, it contracted by 0.2%.

Germany’s economy is expected to post zero growth in 2025, outgoing Economy Minister Robert Habeck said Thursday, blaming US President Donald Trump’s trade policy.