German Economy, Europe’s Largest, Shrinks by 0.1 Percent

Despite a rise in GDP in the first quarter of the year, the Germany economy has slipped back into contraction according to official figures.

Undated file photo of the Reichstag Building in Berlin, Germany Neirfy/Shutterstock

The German economy—Europe’s largest—shrank by 0.1 percent in the second quarter of 2024 compared with the previous three-month period, the nation’s statistics office reported on Tuesday.

“After the slight increase in the previous quarter, the German economy cooled down again in spring,” statistics office president Ruth Brand said in a statement.