Deutschland Bip-Wachstum

The German economy contracted 0.2% on quarter in the last three months of 2024, following a 0.1% expansion in Q3 and worse than forecasts of a 0.1% fall, preliminary estimates showed. Exports were significantly lower, offsetting a rise in private and government consumption. Year-on-year, the GDP also contracted 0.2%. Considering the full 2024, the German economy shrank 0.2%, following a 0.3% drop in 2023. For 2025, the government revised its 2025 growth forecasts lower to 0.3% from 1.1%. The economy minister stated that it is increasingly evident that Germany faces deep-rooted structural challenges, including a shortage of skilled labor, excessive bureaucracy, and weak investment in both the private and public sectors. The economy is facing considerable challenges, including soaring energy prices, weak external demand, and a decline in competitiveness. With parliamentary elections scheduled for February, business leaders are likely to call for reduced energy prices and taxes.