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2025/02/21
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09:34:42
Latest News:
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Latest News:
Planning, Electricity ministers discuss international support for solar energy projects
Prime Minister confirms government's readiness to present 2025 budget to Parliament
FM praises Korea's support for Yemen
Yemen Army Forces Repulse Houthi Militia Attack on Marib Fronts
Foreign Minister and UAE ambassador discuss the bilateral relations
German economy shrinks by 0.2 percent
[15/01/2025 07:28]
BERLIN-SABA
The German economy contracted by 0.2 percent in 2024 compared to 2023.
The German Federal Statistical Office said in a statement today, Wednesday, that the contraction is occurring for the second year in a row after a contraction of 0.3 percent in 2023, noting that the burdens related to growth and the structural structure of the economy stood in the way of better economic development in 2024.
According to the report, the most prominent burdens are the high competition for German goods in the important markets for these goods, high energy prices, high interest rates and a shortage of skilled labor.
The German economy contracted by 0.2 percent in 2024 compared to 2023.
The German Federal Statistical Office said in a statement today, Wednesday, that the contraction is occurring for the second year in a row after a contraction of 0.3 percent in 2023, noting that the burdens related to growth and the structural structure of the economy stood in the way of better economic development in 2024.
According to the report, the most prominent burdens are the high competition for German goods in the important markets for these goods, high energy prices, high interest rates and a shortage of skilled labor.
Key words:
According - contraction - competition - Statistical - development - contracted - structural - statement - SABA The - prominent -
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German economy shrinks by 0.2 percent
