GDP Germany, fourth quarter 2024

The German economy has reduced quarter quarter in the three months ending in December, according to the German statistical offices on Thursday by preliminary data released on Thursday.

The image has been adapted for price, calendar and seasonal changes.

Reuters expected dot-plated analysts that fell by 0.1% of gross domestic products (GDP).

The expenses of home and government consumption increased, but exports were “significantly smaller” than in the previous quarter, Destatis said.

“After the year marked by economic and structural challenges, the German economy ended in 2024 negative territory,” he added.

Carsten Brzeski, the global head of Macro, said that “this decline will bring a winter recession.”

German issues seem to be concentrated in the country industry today, but this could change, on a note on Thursday.

“Given the importance of the entire economy industry, spills has already been through other sectors – feelings or actual economic channels.”

The decisive industry is not a “important recovery” implements inventories and order books on topics and rates about exports on US exports, Brzeski indicated.

Thursday images were compared to 0.1% increase in the country’s GDP in the third quarter of last year. German economic performance has long been a long time, three-month-old GDP readings especially around the last two years. The economy, however, has achieved a technical recession.

In, The German economy was hired In 2023 and 2024, 0.3% and 0.2% respectively.

Some breaths are expected in 2025 German Government on Wednesday By revealing the preview of 0.3% of the year, the declining review has still been increased by 1.1%.

“It’s a serious diagnosis,” said Robert Habeck, Economy and Climate Ministers, at the press conference on Wednesday, according to a CNBC translation.

He added that the German economy has stopped for a long time. He had signs of internal and global political uncertainty as a focus on expectations, and added that the departure government could not fully exercise its growth plans to end his term early.

A federal election in Germany is considered February 23rd, originally planned before the end of the original coalition is planned last year.

Habeck also said there were structural issues weigh in the German economy, echo comment Jörg Kukies financial minister lasted last week.

“The structural weaknesses of our economy must be addressed,” Kukies said CNBC. “It is really important to embark on a means of economic growth.”