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Germany’s economy shrank for the second consecutive year in 2024

By Ilene
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Trucks and cars move along on a highway in Frankfurt, Germany, Wednesday, Jan. 15, 2025. (AP Photo/Michael Probst)

 
By DAVID MCHUGH and GEIR MOULSON, AP News 
 
Germany’s economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery.
 

The year’s weak performance underlines Germany’s status as Europe’s worst performing major economy and shows the country as having no meaningful growth in the past four years as it has struggled to deal with major shifts in the global economy.

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