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2026/07/05
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Latest News:
Minister of Interior Discusses Security Cooperation with Chinese Embassy Chargé d'Affaires
Masam Removes 1,207 Landmines and War Remnants Last Week
Health Minister Orders Tougher Oversight of Public and Private Health Facilities
Leadership Council Member al-Muharrami Reviews Security Developments with Interior Minister
Minister of State for Women's Affairs Stresses Unified Efforts to Advance Women's Empowerment
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.
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.
Key words:
According - contraction - competition - Statistical - development - contracted - structural - statement - SABA The - prominent -
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