German economy grew 0.2% in Q1, stats office confirms

By Jerry  Published On May 24, 2024
BERLIN, May 24 (Reuters) – The German economy grew by 0.2% in the first three months of 2024, the statistics office reported on Friday, confirming preliminary data.
“After GDP declined at the end of 2023, the German economy started 2024 with positive growth,” said Ruth Brand, president of the statistics office.
Despite declining inflation, household consumption did not recover in the first quarter, falling 0.4% on the previous quarter. Government expenditure was also 0.4% lower than in the previous quarter, the data showed.
Source: REUTER

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