The performance of the German economy deteriorated less than expected in the fourth quarter

By: Trademagazin editor Date: 2022. 03. 01. 11:05

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In the fourth quarter of last year, Germany’s gross domestic product fell less than expected on a quarterly basis, according to a report released on Friday by the German Federal Statistical Office, Destatis.

German economy performed above expectations

Germany’s gross domestic product (GDP) in the fourth quarter of 2021, price, seasonally and calendar-adjusted, fell 0.3 percent from the third quarter of 2021. German GDP grew 1.7 percent on a quarterly basis in the third quarter. The preliminary fourth-quarter estimate was down 0.7 percent. (MTI)