German economy stagnated at the end of 2019
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The German economy is at a standstill. In the last three months of 2019, gross domestic product no longer grew compared to the previous quarter. The Federal Statistical Office announced.
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Economic growth came to a standstill in the fourth quarter of last year. Industry in particular pulled GDP down. Economists fear a further decline in the next three months.
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DThe half-lives of economic statistics and forecasts are getting shorter and shorter. Not even a month ago, the Federal Statistical Office still expected a slight increase in the fourth quarter when it presented the annual growth figures for Germany. The federal government spoke two weeks ago in the annual economic report that the German economy has picked up speed again.
But statisticians and politicians have now been overtaken by reality. The German economy got stuck in the fourth quarter. The Federal Statistical Office reported “growth” of 0.0279 percent compared to the previous quarter.