• 15/06/2024 23:45

German economy shows growth after two years of stagnation

Analysts forecast growth of 0.1% in the first quarter of 2024. Germany's economic outlook is improving after two years of near-zero growth. Bloomberg reports this.

The German economy is showing growth after two years of stagnation

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This week's data suggests that the recovery of Europe's largest economy, Germany, is gaining momentum, especially in the services sectors.

Analysts say that a difficult winter recession has been avoided.

“Consumers have become more confident in developments and are willing to spend a little more,” notes HSBC economist Anja Heimann.

However, Heimann also highlights the predicament in industry.

“We do not expect a strong recovery in Germany because industry has such an important weight in overall growth,” she noted.


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