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German economy shrinks by 0.2 percent
[15/01/2025 07:28]
BERLIN-SABA
The German economy contracted by 0.2 percent in 2024 compared to 2023.

The German Federal Statistical Office said in a statement today, Wednesday, that the contraction is occurring for the second year in a row after a contraction of 0.3 percent in 2023, noting that the burdens related to growth and the structural structure of the economy stood in the way of better economic development in 2024.

According to the report, the most prominent burdens are the high competition for German goods in the important markets for these goods, high energy prices, high interest rates and a shortage of skilled labor.


Oil price tops $100 a barrel
Italy budget deficit at 3 percent
Oil rises as markets assess supply risks
Italian Industrial production falls 0.6 percent
Korea large companies' exports rise 10 percent
China's foreign exchange reserves rise to $3.3991 trillion
S. Korea's exports rise 33.9 percent in January
Japan's LNG imports down 1.4 percent
Public debt in Germany rises 2.1 percent
S. Korea's ITC exports rise 12.4 percent in 2025

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