Thursday, January 30, 2025

GERMANY - The Largest Economy in Europe BREAKING: German GDP weaker than expected.

German GDP QoQ Flash Actual -0.2% (Forecast -0.1%, Previous 0.1%)

9:01 AM 30 January 2025

German GDP QoQ Flash Actual -0.2% (Forecast -0.1%, Previous 0.1%)

YoY GDP fell by -0.4% vs -0.3% exp. and 0.1% previously (non-seasonally adjusted)
YoY GDP fell by -0.2% vs 0% exp. and -0.3% previously (seasonally adjusted)

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.

Известия

4 hours ago

German minister says there is a deep structural crisis in the German economy | Известия

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. source: Federal Statistical Office