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Germany's economy shrank for the second straight year in 2024, facing global disruptions and rising costs.
Germany's economy shrank for the second year in a row in 2024, with GDP falling by 0.2%, marking the first time since the early 2000s.
This decline is attributed to global disruptions, rising costs, and labor shortages, challenging its export-driven model.
Business insolvencies surged by 24.3%, and the unemployment rate rose to 6%.
Experts call for structural reforms to boost innovation and investment.
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La economía de Alemania se redujo por segundo año consecutivo en 2024, enfrentando perturbaciones globales y crecientes costos.