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Germany economy back to growth

By  CL Jose May 24, 2024
Increased construction sector activity and a rise in exports cited as reasons

BERLIN: Germany's economy expanded slightly in the first quarter thanks to increased construction sector activity and a rise in exports, government data showed on Friday, matching a preliminary estimate of 0.2 per cent quarter-on-quarter growth released last month.

German news agency DPA quoted Ruth Brand, president of the Federal Statistical Office, as saying in a statement, “After GDP fell at the end of 2023, the German economy started 2024 on a positive note.”

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CL Jose
Written By

CL Jose

Editor at Business Benchmark News

Have been in the financial media since the early 90s, starting with Financiall Express in Mumbai. Worked in Mumbai editions of Business Standard and Observer of Business and Politics. I spent most of my journalistic career in the GCC - Saudi Arabia, Oman and UAE with various business newspapers, mostly covering banking and finance.