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Gross domestic product stagnant in 2nd quarter of 2023
The gross domestic product (GDP) did not continue to fall (0.0%) in the 2nd quarter of 2023 compared with the 1st quarter of 2023 after adjustment for price, seasonal and calendar variations. In the two previous quarters, German economic performance was down quarter on quarter (by a revised -0.1% in the 1st quarter of 2023 and -0.4% in the 4th quarter of 2022). Household final consumption expenditure stabilised in the 2nd quarter of 2023 after the weak winter half-year, according to the Federal Statistical Office (Destatis).GDP in the 2nd quarter of 2023 was down a price adjusted 0.6% compared with the 2nd quarter of ... (full story)