“A stagnant economy is a sign of success’: Economist explains positive side of the economic downturn. “We've reached a point where we're pretty full and happy with what we have,” says Dietrich Vollrath from the University of Houston in the US state of Texas.
Germany's economy shrank by 0.3 percent in the fourth quarter compared to the previous quarter. Weak growth also forecast in 2024, with the Bundesbank also assuming that consumers' desire to spend will pick up again.