Quarterly Report Germany I/2024: German economy contracts 0.3 percent in 2023

After stagnating in the summer months, economic output was down in the fourth quarter. The odds of a technical recession over the six month winter period 2023 / 2024 for the German econmy are rising steadily. Private consumption should gradually start to firm up. Investment activity is set to decline over the course of the year. Foreign trade should start to pick up slowly as global trade turns up in the second half of the year.