In 2023, the German economy shrunk by 0.3 percent. This was due to persistently high inflation that was triggered by the start of the Russia-Ukraine war in 2022. For 2024 and 2025, the economy is predicted to begin growing again.
Year-on-year change of the gross domestic product (GDP) in Germany from 2008 to 2023, with a forecast until 2025
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ifo Institut. (June 20, 2024). Year-on-year change of the gross domestic product (GDP) in Germany from 2008 to 2023, with a forecast until 2025 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1322391/gdp-development-forecast-germany/
ifo Institut. "Year-on-year change of the gross domestic product (GDP) in Germany from 2008 to 2023, with a forecast until 2025 ." Chart. June 20, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1322391/gdp-development-forecast-germany/
ifo Institut. (2024). Year-on-year change of the gross domestic product (GDP) in Germany from 2008 to 2023, with a forecast until 2025 . Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1322391/gdp-development-forecast-germany/
ifo Institut. "Year-on-year Change of The Gross Domestic Product (Gdp) in Germany from 2008 to 2023, with a Forecast until 2025 ." Statista, Statista Inc., 20 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1322391/gdp-development-forecast-germany/
ifo Institut, Year-on-year change of the gross domestic product (GDP) in Germany from 2008 to 2023, with a forecast until 2025 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1322391/gdp-development-forecast-germany/ (last visited November 10, 2024)
Year-on-year change of the gross domestic product (GDP) in Germany from 2008 to 2023, with a forecast until 2025 [Graph], ifo Institut, June 20, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1322391/gdp-development-forecast-germany/
