• 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

► Subscribe to the Telegram channel “Ministry of Finance”: main financial news

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.

minfin.com.ua

Leave a Reply

Your email address will not be published. Required fields are marked *