FX.co ★ Germany's Economy Rebounds with 0.5% Increase in GDP for Q1 2024

Germany's Gross Domestic Product (GDP) showed resilience in the first quarter of 2024 as the economy rebounded with a 0.5% increase. This growth comes after a slight decline of 0.3% in the fourth quarter of 2023. The data, updated on April 30, 2024, indicates a positive shift in Germany's economic performance.

The Quarter-over-Quarter comparison reveals the progress made by the German economy, with the current indicator reaching 0.2% in the first quarter of 2024 compared to the previous quarter. This improvement highlights the country's ability to adapt and recover in the face of economic challenges. Analysts are optimistic about Germany's economic outlook as it navigates through global uncertainties and aims for sustainable growth in the coming quarters.