2023: Germany's real GDP drops 0.2%, avoids Q1 2024 recession with 0.2% rise, faces sluggish private consumption and export challenges.
In a recent report, Germany's real GDP dropped by 0.2% in 2023, but managed to skirt a recession in Q1 2024 with a 0.2% rise. Despite an anticipated 0.2% quarter-over-quarter growth in 2024, the country's economy is still experiencing sluggish private consumption and a negative impact on exports due to intermediate goods and waning foreign demand. Among the 20 best places to live in Germany, the top spot showcases the country's resilience and appeal despite economic challenges.
June 30, 2024
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