Published

German economy grew less than expected in Q3, statistics office says

  • The German economy grew by only 0.1% in Q3 2024, less than the preliminary estimate of 0.2%, according to the Federal Statistical Office, or Destatis.
  • Exports of goods decreased by about 2.4%, indicating struggles in a key economic area.
  • Germany narrowly avoided a recession this year, which is defined by two consecutive quarters of economic shrinkage.
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  • 42% of the sources lean Left
42% Left
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