The German economy avoided recession in the first quarter, preliminary data from Destatis showed on Tuesday. Gross domestic product grew more-than-expected 0.
The German economy contracted in the whole year of 2023, Destatis reported Monday. Gross domestic product shrank 0.3 percent sequentially, in contrast to the 1.
Germany's economy contracted slightly, as initially estimated, in the third quarter with the household consumption that used to be the pillar of growth, acting as a drag.
The German economy stabilized in the second quarter after two consecutive contractions, data published by Destatis showed on Friday. Gross domestic product remained flat in the second quarter, following a 0.
Germany avoided a recession in the first quarter as the economy stagnated with the fall in household and government spending offsetting the improvements in capital formation and exports.