German GDP growth in the third quarter of 2024 was 0.2%. This marks a slight increase over the same quarter last year. The details are reported by Gazeta.
The German economy has been going through difficult times lately. Last quarter, the country’s GDP was reported to have contracted by 0.1%. This raised fears of a technical recession due to two consecutive quarters of negative growth in the national economy. But the fears were not justified: the Federal Statistical Office reported that Germany’s economic growth in the third quarter was 0.2%.
“Not everything is as bad as predicted, but the German economy is still “sick” — Macronext analysts comment on this result.
