German Gdp

Germany's woes worsen as economy likely to shrink again in current quarter

Germany's economy is likely to shrink again slightly in the current fourth quarter, the country's central bank said Monday, while a survey showed business confidence retreating unexpectedly. Europe's biggest economy contracted by 0.1% in the third quarter after growing by the same amount in the previous three-month period, according to official figures. The Bundesbank said in its monthly report that real gross domestic product in Germany is likely to decline again slightly in the fourth quarter of 2023 as a result of weak performances in industry and construction Two consecutive quarters of contraction is a common definition of recession, though the economists on a panel that declares recessions in the eurozone use a broader set of data, including employment figures. Germany is the only major economy expected to shrink this year, according to the International Monetary Fund, which foresees a decline of 0.5%. The German government has forecast a decline of 0.4%. The economy has bee

Germany's GDP grows 1.9% in 2022 despite difficult conditions: Destatis

Germany's price-adjusted gross domestic product (GDP) in 2022 was 1.9 per cent higher than in the previous year, according to preliminary figures published by the Federal Statistical Office (Destatis)

Russian energy embargo could deal big blow to German economy: Bundesbank

In an intensified crisis scenario, Germany's real gross domestic product (GDP) would decline by just under two per cent in the current year compared with 2021, according to the report

Germany's GDP growth forecast halved due to Russia-Ukraine crisis

The Kiel Institute for the World Economy (IfW Kiel) almost halved its forecast for Germany's gross domestic product (GDP) growth in 2022 from 4% to 2.1%

German GDP grew 1.9% in 2016, strongest rate in 5 years

Economy is benefiting from rising private consumption and increased state spending on refugees