Germany economy contracted for the second year in a row, declining by 0.2% in 2024, following a 0.3% drop in 2023.
- This marks only 2nd time since 1950 that econ has contracted for 2 consecutive yrs.
- Germany’s prospects for 2025 remain bleak: Bundesbank predicts growth of just 0.2% and warns that another contraction is even possible if US President-elect Trump follows through on his tariff threats.
Most notably, the DAX ended the year with 18.85% gain after 20.3% rally in 2023. The index concluded its biggest 2y run in more than a decade, even though Germany’s GDP shrank.
