Germany Faces Longest Economic Recession in recent Decades

In 2024, Germany experienced its second consecutive year of GDP contraction, marking the longest period of economic recession in recent decades. The German economy, which shrank by 0.3% in 2023, further contracted by 0.2% in 2024. This downturn is attributed to a combination of factors including weak global demand, high energy costs, elevated interest rates, […] The post Germany Faces Longest Economic Recession in recent Decades appeared first on Tekedia.

  Business   Jan 16, 2025   0   13  Add to Reading List
Germany Faces Longest Economic Recession in recent Decades


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In 2024, Germany experienced its second consecutive year of GDP contraction, marking the longest period of economic recession in recent decades. The German economy, which shrank by 0.3% in 2023, further contracted by 0.2% in 2024. This downturn is attributed to a combination of factors including weak global demand, high energy costs, elevated interest rates, […]

The post Germany Faces Longest Economic Recession in recent Decades appeared first on Tekedia.

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