Rolling coverage of the latest economic and financial news, including the latest eurozone growth figuresBreaking: German GDP flatlined in October-December
2019 was not a great year for Germany.
Today’s GDP report shows that the economy grew by 0.5% in January-March, only to shrink by 0.2% in April-June. Growth picked up by 0.2% in July-September, before fizzling out in the last quarter.
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Newsflash: Germany’s economy is flatlining, as a slowdown in spending and exports wipes out growth.
Ouch! German economy stagnated in the fourth quarter. German 4Q GDP Adj 0.0% QoQ. pic.twitter.com/oo5CXFxnvH
After a very strong third quarter, the final consumption expenditure of both households and government slowed down markedly. Trends diverged for fixed capital formation.
While gross fixed capital formation in machinery and equipment was down considerably compared to the third quarter, fixed capital formation in construction and other fixed assets continued to increase.Continue reading... Read The Rest at :