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Germany’s Economy Shrinks Again – Is the Worst Yet to Come?
CGTN Europe
Follow
02/02/2025
Germany's economy is in trouble. New data confirms that Europe's biggest economy shrank by 0.2% in 2024, following a 0.3% contraction in 2023. That means two years of recession, something Germany hasn't seen in over two decades.
#Germany #Economy #EconomicCrisis
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00:00
Germany's economy is in trouble.
00:03
New data confirms that Europe's biggest economy shrank by 0.2% in 2024, following a 0.3% contraction
00:11
in 2023.
00:13
That means two years of recession, something Germany hasn't seen in over two decades.
00:19
Weak global demand hit German exports hard, while high inflation and rising interest rates
00:24
dampened consumer and business spending.
00:27
Export spending grew, but not enough to offset the slump, and 2025 isn't looking much better.
00:33
Industrial output is expected to decline by another 0.1%, which would mark Germany's longest
00:39
economic downturn since the Federal Republic was founded.
00:43
At the same time, Berlin has sharply cut its 2025 growth forecast from 1.1% to just 0.3%,
00:51
a sharp cut that signals little hope for a quick recovery.
00:55
Meanwhile, France and Spain are growing, with Spanish growth surging by 3.2% last year.
01:02
As Europe's economic engine splutters, is Germany headed for an even deeper crisis?
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1:31
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