×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Germany | Economy

Germany Barely Avoided Recession in Q4 with Zero Growth

Thursday, 14 February 2019 02:39 AM

FRANKFURT, Germany (AP) — Germany economic growth stagnated in the last three months of the year, skirting a technical recession but registering only zero growth as foreign trade made little contribution to Europe's largest economy.

The lackluster figure reported Thursday by the state statistics agency followed a 0.2 percent fall in output during the preceding third quarter. Business spending on machinery and equipment supported the economy in the fourth quarter and kept Germany from suffering two straight quarters of negative growth, one definition of a recession.

The weak second half followed stronger performance in the first six months, leaving growth for the full year at 1.5 percent.

Slowing global trade amid U.S.-China trade tensions has been holding back Germany's export-focused economy.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Germany economic growth stagnated in the last three months of the year, skirting a technical recession but registering only zero growth as foreign trade made little contribution to Europe's largest economy.The lackluster figure reported Thursday by the state statistics...
EU,Germany,Economy
120
2019-39-14
Thursday, 14 February 2019 02:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved