Germany's economy barely grew in Q3 2024, facing export declines and lagging EU, US growth.

Germany's economy grew by a mere 0.1% in the third quarter of 2024, down from an initial estimate of 0.2%. This weak growth follows a 0.3% contraction in the second quarter, narrowly avoiding a technical recession. Exports fell by 1.9%, and investments in machinery and construction declined, though household consumption rose by 0.3%. The economy is lagging behind the EU and the US, facing challenges from a slowdown in manufacturing and weak export demand.

November 22, 2024
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