German economy without tailwind - minus at the end of the year. Germany is facing difficult months after a decline in economic output.
Gross domestic product (GDP) shrank by 0.3 percent in the fourth quarter of 2023. Companies are holding back on investments, construction is in the doldrums, and demand for “Made in Germany’ is weakening. If GDP shrinks for two quarters in a row, economists speak of a technical recession. Some economists do not rule out a further decline in 2024 as a whole. The outlook for 2024 promises “a little more light than shadow”