27 February 2002, 10:28  German Q4 final GDP down 0.3 pct from Q3

WIESBADEN, Germany (AFX) - German GDP fell 0.3 pct in the fourth quarter of 2001 from the third quarter, according to final data from the federal statistics office. Economists polled by AFX News forecast a 0.3 pct quarter-on-quarter decline. After a 0.2 pct decline in GDP in the third quarter, this means Germany is technically in recession. German GDP in the fourth quarter fell by 0.1 pct compared to the fourth quarter a year earlier. Economists had forecast year-on-year stagnant growth. The statistics office said that the German economy grew by 0.6 pct in 2001 compared with a rise of 3.0 pct in 2000, confirming data given in January.

© 1999-2024 Forex EuroClub
All rights reserved