Daily Memo: Germany Reports Contraction

Europe's biggest economy ended 2024 in the red.

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Still struggling. The German economy contracted 0.2 percent in the fourth quarter compared with the previous quarter, according to data released Thursday by the German statistics agency. The figure confirms that Germany’s gross domestic product fell for a second consecutive year in 2024. Meanwhile, Deutsche Bank reported a before-tax profit of 5.3 billion euros ($5.5 […]

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