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German economy contracts again, recording consecutive decline for the third year

On January 30th, Jinshi Data reported that preliminary data released by the German Bureau of Statistics on Thursday showed that Germany’s GDP in the fourth quarter fell by 0.2% compared to the previous three months, exceeding expectations. Financial website Forexlive commented that it is estimated that the German economy shrank by 0.2% overall last year, and the German economy will shrink by 0.1% in 2023. If this situation continues in 2025, it will mark the first time that Germany has experienced three consecutive years of GDP decline since the reunification of the two Germanys in 1990.

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