Africa Map

African Press Agency

African Press Agency Logo
   

 Home
 Country Profile
 Useful Links
 Contact us

Home

Germany/EconomyBack
[Published: Tuesday January 15 2019]

German economic growth slowest for five years


BERLIN 15 Jan (ANA) - Germany's economy grew by 1.5% last year, its slowest rate since 2013, the latest official figures show.

Figures from the Federal Statistics Office showed Europe's largest economy slowed sharply as the year wore on.

A weaker global economy and problems in the car industry, caused by new pollution standards, have been cited as contributing to the slowdown.

At the start of 2018, the German economy had been expected to grow by 1.8%. Growth was 2.2% in 2017.

Germany's economy had shrunk in the third quarter of the year, by 0.2%, with global trade disputes blamed for the contraction.

There were fears that Germany was at risk of following that with another quarter of negative growth, something that would have put the country into recession.

The statistics office has not released fourth-quarter figures yet, as it does not have enough data to give an accurate reading.

But initial calculations by independent economists suggest the economy may have grown by about 0.2% in the final three months of the year.(ANA)
FA/ANA/15 January 2019--------
 

North South News website

Advertise banner

News icon UK/Coffee
News icon Russia/Sweden
News icon UK/Third World War
News icon Euribor/Court of Appeal
News icon Eurojust/UK/Painting
News icon Israel/Iran
News icon Israel/Iran
News icon Google/Staff Protest
News icon Germa/Gaza Genocide
News icon EU/Lobby Register

AFRICAN PRESS AGENCY Copyright © 2005 - 2007