Germany’s gross domestic product (GDP) grew by 0.2% in the third quarter of 2024 compared to the previous quarter, according to data from the Federal Statistical Office (Destatis).
Germany’s gross domestic product (GDP) grew by 0.2% in the third quarter of 2024 compared to the previous quarter, according to data from the Federal Statistical Office (Destatis). This growth figure, adjusted for price, seasonal, and calendar variations, also reflects a 0.2% rise when compared to the same quarter in 2023, adjusted for prices.
However, when considering both price and calendar adjustments, GDP declined by 0.2% due to one additional working day in 2024 compared to the previous year. Destatis attributes much of the Q3 growth to a notable increase in final consumption expenditure by both households and the government. This comes after a recent revision of the Q2 figures, which now indicate a 0.3% contraction in economic activity, adjusted from an initial estimate of -0.1%, following modest growth of 0.2% in Q1 2024.
Source : Statistisches Bundesamt (Destatis)
Improving prospects for a US-Iran agreement supported risk sentiment and reduced demand for the US dollar.
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Inflation Concerns Ease, Growth Resilient (25-29 May)Financial markets began the week on a firmer footing as signs of progress in US-Iran negotiations raised the possibility of reopening the Strait of Hormuz and reducing pressure on global energy supplies.
Detail Metals Start the Week with Fresh Energy (05.25.2026)Sentiment improved at the start of the week as hopes for a potential US-Iran agreement reduced demand for the US dollar and eased concerns over energy supply disruptions.
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