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Germany's economy shrank for the second year, falling 0.2% in 2024 amid high costs and uncertainty.
Germany's economy shrank by 0.2% in 2024, marking its second year of decline following a 0.3% drop in 2023.
The contraction was forecasted and attributed to high energy costs, increased competition in exports, and economic uncertainty.
The economy also saw a 0.1% decline in the fourth quarter.
Political debates focus on strategies to boost economic growth ahead of the February 23 election.
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La economía de Alemania se redujo por segundo año, cayendo un 0,2% en 2024 en medio de altos costos e incertidumbre.