(CercleFinance.com) – Germany’s gross domestic product (GDP) fell by 0.2% in the fourth quarter of 2022 compared to the third, according to data adjusted for price, seasonal and calendar variations from Destatis.
“In particular, private consumer spending, which had supported the German economy in the first three quarters, was lower than in the previous quarter,” he said.
The federal statistics office also indicates that over the whole of 2022, economic growth was 1.9%, which means a downward revision of the initial estimate of 0.1 percentage point. .
‘Looking ahead, we still believe that Germany will avoid a deep slowdown’, tempers Capital Economics, pointing to the government’s energy support, the recent drop in gasoline prices and the order books of certain industrial sectors.
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