The gross domestic product (GDP) fell by 0.3% in the 4th quarter of 2023 compared with the 3rd quarter of 2023 after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) reports that this confirms the result published in the first release of 30 January 2024. "The German economy ended 2023 in negative territory. In the final quarter, declining investment had a dampening effect on economic activity, while consumption increased slightly," says Ruth Brand, President of the Federal Statistical Office. In the first three quarters, GDP largely stagnated amidst a still ... (full story)