According to preliminary calculations by the Federal Statistical Office (Destatis), price-adjusted gross domestic product (GDP) in 2023 was 0.3% lower than a year earlier. The calendar-adjusted decline in economic output was 0.1%. According to Destatis, high prices at all stages of the economy dampened economic activity. This was joined by unfavourable financing conditions due to rising interest rates and lower demand from Germany and abroad. 

Verglichen mit Oktober 2023 haben sich die Erwartungen der Verbraucherinnen und Verbraucher wie folgt entwickelt.

Innovation und Wachstum: Made in Germany 2.0