1st Quarter 2024 Gdp. This is a significant slowing down in economic growth from 7.8% gdp growth in q4fy24 and an even higher 8.2% in q1fy24. The gdp of the first quarter of 2024 grew by 0.8% qoq s.a., nearly in line with the market median and our projection (0.7%).
Gross domestic product, which measures all the services and goods produced in the economy, measured an annualized rate of 1.6% in the first quarter, the commerce department reported thursday. The federal statistical office (destatis) reports that this confirms the result published in the first release of 30 april 2024.