German economy stalled in fourth quarter, just escaping recession
The German economy stalled in the final quarter of last year, escaping recession by the narrowest of margins after contracting in the July-September period for the first time since 2015, Trend reports referring to Reuters.
Gross domestic product (GDP) in Europe’s biggest economy grew by 0.0 percent quarter-on-quarter, the Federal Statistics Office said on Thursday. That compared with a Reuters forecast for growth of 0.1 percent.
German companies are grappling with a cooling global economy and trade disputes triggered by U.S. President Donald Trump’s ‘America First’ policies. The risk that Britain leaves the European Union without a deal in March is another uncertainty.
Compared with the same quarter of the previous year, the economy grew by 0.6 percent from October to December, calendar-adjusted data showed. Analysts polled by Reuters had expected 0.7 percent.