Germany’s Economy Shrank Last Year for First Time Since Pandemic
- Germany's economy contracted by 0.3% in 2023, influenced by persistent inflation, high energy prices, and weak foreign demand.
- The German economy avoided a recession at the end of the year, although it shrank by 0.3% in the fourth quarter.
- Despite the decline in economic performance, the construction sector saw modest growth of 0.2%, and net external demand had a positive impact on GDP.
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Coverage Details
Total News Sources0
Leaning Left18Leaning Right13Center25Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
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