The gross domestic product (GDP) rose by 0.2% in the 1st quarter of 2024 compared with the 4th quarter of 2023 after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) reports that this confirms the result published in the first release of 30 April 2024. “After GDP declined at the end of 2023, the German economy started 2024 with positive growth,” says Ruth Brand, President of the Federal Statistical Office.Despite declining inflation, household final consumption expenditure did not recover in the 1st quarter of 2024. It was down 0.4% on the previous quarter, after ... (full story)