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Federal Statistical Office: German GDP falls by 0.3% in 2023
15.01.2024 DE
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.
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Frankfurt und die Banken: ein starkes Team im Herzen Europas? Festrede anlässlich des Neujahrsempfangs der Stadt Frankfurt
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Announcement of auction – 6-months Bills of the European Stability Mechanism (ESM)
141 KB, PDF