A financial expert analyzes why the German economy shrank in 2023 and what that means for the future.

Tim Meisner

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Veröffentlicht am 15.01.2024

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German economic output shrank by 0.3 percent in 2023, while other major economies are growing. These are the reasons and this is how it continues now. 2023 was a bad year for the German economy. As the Federal Statistical Office announced on Monday, the gross domestic product (GDP) shrank by 0.3 percent compared to the previous year. This is the second minus in a short period of time after the severe Corona slump in 2020. Such an accumulation of recessions rarely occurs. The prospects for this year are also modest. Economic researchers predict only a slight economic recovery – if at all. The German economy recorded a…

Die deutsche Wirtschaftsleistung ist 2023 um 0,3 Prozent geschrumpft, während andere große Volkswirtschaften wachsen. Das sind die Gründe und so geht es jetzt weiter. 2023 war ein schlechtes Jahr für die deutsche Wirtschaft. Wie das Statistische Bundesamt am Montag mitteilte, schrumpfte das Bruttoinlandsprodukt (BIP) im Vergleich zum Vorjahr um 0,3 Prozent. Das ist nach dem schweren Corona-Einbruch 2020 das zweite Minus binnen kurzer Zeit. Solch eine Häufung von Rezessionen gibt es nur selten. Auch die Perspektiven für dieses Jahr sind bescheiden. Konjunkturforscher sagen nur eine leichte wirtschaftliche Erholung voraus – wenn überhaupt. Die deutsche Wirtschaft verzeichnete also im Jahr 2023 einen … — German economic output shrank by 0.3 percent in 2023, while other major economies are growing. These are the reasons and this is how it continues now. 2023 was a bad year for the German economy. As the Federal Statistical Office announced on Monday, the gross domestic product (GDP) shrank by 0.3 percent compared to the previous year. This is the second minus in a short period of time after the severe Corona slump in 2020. Such an accumulation of recessions rarely occurs. The prospects for this year are also modest. Economic researchers predict only a slight economic recovery – if at all. The German economy recorded a…

German economic output shrank by 0.3 percent in 2023, while other major economies are growing. These are the reasons and this is how it continues now.

2023 was a bad year for the German economy. As the Federal Statistical Office announced on Monday, the gross domestic product (GDP) shrank by 0.3 percent compared to the previous year. This is the second minus in a short period of time after the severe Corona slump in 2020. Such an accumulation of recessions rarely occurs. The prospects for this year are also modest. Economic researchers predict only a slight economic recovery – if at all.

The German economy recorded a decline in gross domestic product of 0.3 percent in 2023. This is particularly concerning given the economic downturn in 2020. The accumulation of recessions is a rare development and leaves little room for a positive economic forecast for the current year.
According to a report by www.sueddeutsche.de,

Read the source article at www.sueddeutsche.de

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A financial expert analyzes why the German economy shrank in 2023 and what that means for the future.

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