The German economy, Europe’s largest, also shrank for all of 2024 by 0.2%, the second straight year of declining output. And the outlook for this year isn’t much better.

The eurozone economy grounded to a halt in the fourth quarter of 2024, as Germany and France, the bloc’s two largest economies, posted worse-than-expected contractions, reinforcing concerns over ...

FRANKFURT, Germany (AP) — Europe’s economy stagnated at the end of last year as its former growth engine, Germany, finished a second straight year of shrinking output, officials said Thursday.

Destatis also confirmed that output shrank 0.2 percent across the whole of 2024, in line with its earlier estimate, and marking the second straight year of contraction for the German economy.

Germany's economy contracted 0.2% in the last quarter of last year, compared to July-September, above market estimates of a 0.1% decline, according to Destatis data released on Thursday.

Deutsche Bank's profits plummeted by an astonishing 92%, as Germany's economy struggled. Profits attributable to shareholders dropped to €106 million (£89m) in the final three months of 2024 ...

Deutsche Bank has suffered a 92pc slump in its profits amid a major downturn in the German economy. Germany’s largest lender on Thursday vowed to slash jobs after its profits attributable to ...

Thursday’s GDP figure masked a distinctly two-speed reality: GDP contracted in both France and Germany in the fourth quarter, by 0.1 percent and 0.2 percent respectively. The two together account for ...

FRANKFURT, Germany (AP) — Europe’s economy stagnated at the end of last year as former growth engine Germany floundered to the end of a second straight year of shrinking output, officials said ...

"The weak economic situation is now leaving visible traces on the German labour market," German Labour Minister Hubertus Heil said on Friday. Disagreements among Germany's governing coalition over ...