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IPFS News Link • Germany

Germany Records Slowest Economic Growth In Six Years

• by Tyler Durden

Official government statics show Wednesday morning that GDP growth rate in the last three months of 2019 was 0.6%, the lowest since 2013's 0.4% expansion

Despite the economy continuing to decelerate, there was a small notable increase in GDP growth at the tail end of the year – with some optimism that the worst of the slump could be over.

A synchronized global downturn had plunged Germany into an economic decline since late 2017 when growth printed a high of 2.5% on the year. Then by 2018, growth plunged to 1.5%, and a year later, to 0.6% in 2019.

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