According to preliminary data from the German Federal Statistical Office on Tuesday, the German economy shrank by 0 in the fourth quarter of 2023..3%, a performance after two consecutive quarters of stagnation, in line with market consensus。

As the EU's largest economy, Germany is facing the impact of soaring prices and rising interest rates, especially for German manufacturing.。Total fixed capital formation has declined significantly due to reduced investment in construction and machinery and equipment。

In annual figures, the German economy fell by 0 in the fourth quarter..2%, while falling into a technical recession for the first time since early 2021。

Meanwhile, a separate report earlier Tuesday showed the French economy posted zero quarter-on-quarter growth in the fourth quarter as a positive contribution from net exports offset falling domestic demand and changes in inventories.。

According to preliminary data, France's fourth-quarter GDP grew 0.7%, compared with 0 in the third quarter.6% increase。This data reflects the more robust economic performance of France relative to Germany over the same period.。