The growth engine Germany is in trouble, and the European economy is facing "zero growth" by the end of 2024
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The European economy faces zero growth by the end of 2024, with the German economy shrinking for the second consecutive year. According to a report from the European Union's statistics office, the GDP of the Eurozone remained flat in the last quarter of 2024, with consumer spending cautious due to U.S. trade policies and inflation. The German economy contracted by 0.2% in the fourth quarter, also declining by 0.2% for the entire year. The government has lowered its growth expectations for 2025, and political turmoil has intensified economic uncertainty, especially in Germany and France
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