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German Economy Shrinks In 2023

Por: RTTNews Business January 15, 2024

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The German contracted in the whole year of 2023, Destatis reported Monday. Gross domestic product shrank 0.3 percent sequentially, in contrast to the 1.8 percent expansion seen in 2022. This was the first decline since 2020.Overall economic development faltered in Germany in 2023 in an environment that continues to be marked by multiple crises, Destatis President Ruth Brand said at the Berlin press conference. Despite recent price declines,... + full article



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