German Economy Contracts Amid Second Quarter of 2024

The German economy experienced a contraction of 0.1% in the second quarter of 2024, per official data from the statistics office. This confirms preliminary reports and poses potential concerns for the European economic outlook. Further details are available on the statistics office's official website.

The statistics office reported on Tuesday that the German economy shrank by 0.1% in the second quarter of 2024, confirming earlier preliminary data.

The contraction marks a potential challenge for Germany's economic stability, reflecting broader concerns within the European economic landscape.

Detailed insights and data can be found on the office's official website. The report was written by Miranda Murray and edited by Rachel More and David Goodman.

(With inputs from agencies.)