The German Ministry of Economy warned on Thursday that there is no noticeable recovery for the country's economy and economic conditions so far; the ministry pointed out that there are no signs of recovery in the industrial sector within Germany, confirming that the German industry remains in a worrying position.
It is worth noting that the Federal Republic of Germany is currently facing severe economic pressures, particularly the deterioration of the industrial sector and a decline in economic confidence, coinciding with a rise in the inflation rate to above the target of the European Central Bank for the Eurozone as a whole.
The growth rate of real GDP in Germany recorded a contraction of 0.2% during the last quarterly period of last year and 0.2% for the second consecutive quarter, indicating that Germany's economy slipped into recession by the end of 2024.