Germany’s GDP expects to fall 0.2% in Q1 ’24

Germany’s GDP expects to see another technical recession of about 0.2 per cent decline in the first quarter (Q1) of 2024 Reuters reported on Tuesday citing Ifo institute predictions.

The German economy dropped by 0.3 per cent last year, due to persistent inflation, high energy prices and weak foreign demand. The GDP fell by 0.3 per cent in the fourth quarter compared to the previous quarter, in line with analysts’ expectations, according to a Reuters poll.