According to preliminary data released on Wednesday, Germany’s economy recorded a 0.2% expansion in the first quarter compared to the previous quarter, despite facing challenges stemming from U.S. tariff tensions that could impact growth prospects.
This figure, published by the German federal statistics office, has been adjusted for price, calendar, and seasonal variations.
The gross domestic product (GDP) data aligns with expectations set by economists surveyed by Reuters. In contrast, the previous quarter had seen a contraction of 0.2% in the country’s GDP.
The statistics office highlighted that the quarterly growth was driven by increased household final consumption expenditure and capital formation compared to the prior quarter.
Germany, recognized as the largest economy in Europe, has experienced sluggish growth, with its GDP oscillating between gains and losses throughout 2023 and 2024. However, it has steered clear of a technical recession, defined by two successive quarters of GDP decline.
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