Germany Q4 preliminary GDP -0.3% vs -0.3% q/q expected

  • Latest data released by Destatis - 30 January 2024
  • Prior -0.1%

The German economy contracted once again in Q4 last year, reaffirming a mild technical recession. The unadjusted annual GDP growth is seen at -0.4% while the adjusted figures are seen at -0.2%. That paints a rough picture for Europe's largest economy, with the outlook to start the new year also not looking too bright.

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