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Growth in the EU’s powerhouse has continued to slow amid persistent economic headwinds The German economy shrank by 0.3% year-on-year in 2023 after being hit by high inflation, soaring energy prices, and weak foreign demand, the Federal Statistical Office has reported.

Christian Lindner says that the country is no longer competitive and is falling behind economically Germany’s inability to generate economic growth is making the country poorer, Finance Minister Christian Lindner said on Monday while speaking at a Bloomberg event in Frankfurt.