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DTSTAMP:20260901T112249Z
DTSTART:20240505T132035Z
DTEND:20240505T132035Z
SUMMARY:German GDP increased in the first quarter of 2024
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 eading .elementor-heading-title.elementor-size-xxl{font-size:59px}German 
 GDP increased in the first quarter of 2024		\n		Germany’s gross domesti
 c product in the 1st quarter of 2024 is up 0.2% on the previous quarter. 
 The latest figures give some hope that Germany may be escaping the econom
 ic doldrums.\nEurope's largest economy grew in the first quarter of 2024\
 , reversing a slump at the end of last year\, according to Germany's Fede
 ral Statistical Office Destatis on Tuesday. The outlook appears to come d
 own\, with energy costs and inflation easing. However\, compared to the f
 irst quarter of 2023\, German GDP growth still did not improve (- 0.2%).\
 nING bank analyst Carsten Brzeski said the upturn showed that "the German
  economy can grow after all." "The words 'optimism' and 'German economy' 
 together in one sentence have been a rarity for a long while\," said Brze
 ski. "However\, for a few weeks now\, optimism has returned to the German
  economy." He also warned of increasing insolvencies that could weaken th
 e labor market\, although new figures also show unemployment in Germany f
 or April remained stable\, at 5.9%.
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