German economic performance decreased in the last quarter

In Germany – adjusted with price effects – a 3 percent increase occurred in the gross domestic product (GDP) in 2011. The data of the German Statistical Office met the expectations of analysts.

But in the fourth quarter – according to the preliminary datas – the performance of the  economy decreased by 0.25 percent, compared to the previous quarter. In the third quarter, the German economy grew by 0.5 percent, in the first quarter by 1.3 percent, and in the second by 0.3 percent compared to the previous quarters – reports MTI.