The German economy shrank for the second consecutive year in 2024, according to preliminary official figures. The stats come just weeks before an election largely focused on the economy. The Federal Statistical Office said that gross domestic product contracted by 0.2% in Europe’s largest economy last year following a decline in 2023.

Germany's statistics office says the country's economy shrank by 0.2% in 2024 in second consecutive year of decline

Simply sign up to the German economy myFT Digest -- delivered directly to your inbox. Germany’s economy shrank for a second straight year in 2024, underlining the severity of the downturn facing Europe’s manufacturing powerhouse.

The German economy contracted by 0.2% in 2024, in the second consecutive year of declines in the annual gross domestic product of Europe's largest economy.

Europe's biggest economy shrank for a second year in a row in 2024, according to data released on Wednesday by the Federal Statistics Office. View on euronews