FRANKFURT, Germany (AP) — Europe’s economy stagnated at the end of last year as former growth engine Germany floundered to the end of a second straight year of shrinking output, officials said Thursday.
FRANKFURT, Germany — Europe’s economy stagnated at the end of last year as former growth engine Germany floundered to the end of a second straight year of shrinking output, officials said Thursday.
The economy slowed from 0.4% growth in the third quarter as businesses were unsettled by possible trade disruptions under the new administration of U.S. President Donald Trump and as consumers remained cautious with spending after being stung by inflation. The German economy, Europe's largest, also shrank for all of 2024 by 0.2%, the second straight year of declining output. And the outlook for this year isn't much better. The government slashed its 2025 forecast on Wednesday to 0.3% from 1.1%.
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