UNITED STATES (VOP TODAY NEWS) — According to the final estimate of German GDP in the fourth quarter of 2018 did not change compared with the third quarter, taking into account seasonal adjustments, according to the data of the Federal Statistical Office of the country (Destatis).
In annual terms, the GDP of Europe’s largest economy grew in Q4 by 0.9%, taking into account seasonal adjustments – by 0.6%.
At the same time, GDP growth rates fully coincided with the forecast of analysts and preliminary estimates polled by Reuters.
In Q3 Germany’s GDP fell by 0.2% in quarterly terms, taking seasonal adjustments into account, while in annual terms it grew by 1.1%.
The German economy stalled in the last quarter of last year, barely avoiding a recession, because the consequences of world trade wars and the approach of Brexit threatened to thwart the ten-year expansion of Europe’s largest economy.
German companies came under the influence of the trade war that was unleashed by US President Donald Trump, as well as the general cooling of the global economy. They also came under the risk of the UK leaving the EU in March without an agreement on exit conditions.
“Germany has been damaged,” said Andreas Scheuerle, an economist at DekaBank, about numbers for the fourth quarter. “But quarter one also does not look easy, since political uncertainty greatly affects corporate trust.”
This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.
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