Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
World
Richard Partington Economics correspondent

German economy shrinks for second year in a row

A VW Tiguan (C-L) inside the car storage tower at the Wolfsburg Volkswagen plant
The German economy has come under intense pressure as firms cut production amid subdued domestic demand, high energy prices and increased competition from imports. Photograph: Tobias Schwarz/AFP/Getty Images

Germany’s economy has shrunk for a second consecutive year for the first time in more than two decades, highlighting the challenges the next government will face after snap elections in February.

As voters prepare to head to the polls amid heightened political uncertainty in Europe’s largest economy, official figures showed gross domestic product fell by 0.2% last year after dropping by 0.3% in 2023.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.