Weak economic growth in both Germany and France in the first quarter. the experts believe that Germany is over the moon. The picture shows the European Central Bank in Frankfurt. Photo: Michael Probst / AP / NTB
Of NTB | 30.04.2024 11:55:09
Leisure time: Several analysts now believe that Germany is over the worst of it.
In its latest assessment of the development of the economy in the coming months, the German government says that there are signs that the economy is turning around. But no strong progress is expected yet.
In the last quarter of 2023, the German gross domestic product had fallen by 0.5 per cent compared to the same period the previous year. The year 2023 taken as a whole showed a slight recession of 0.2 per cent.
Economic growth in France in the first quarter of 2024 doubled from the last quarter of last year. Growth ended at 0.2 per cent, compared to 0.1 per cent in the fourth quarter.
The French statistical agency INSEE says that there has been increasing domestic demand, particularly in the areas of food and energy. Household consumption increased from 0.2 per cent in the fourth quarter to 0.4 per cent in the first quarter of this year.
(© NTB)