1 March 2001, 16:23 TODAY: GERMAN GROWTH SLOWS IN Q4
Q4 GDP grew 0.2% on the quarter
and 1.9% on the year, the Federal Statistics Office reported. This was
the slowest pace of growth since Q2 1999. Q3 growth was revised down to
up 0.3% on the quarter from an originally reported 0.6%. The annual rate
of 2.8% was left unrevised. The Bundesbank reported that second-half
growth was 1.0% compared with the first half. The Finance Ministry said
after the data were released that the economy could continue to grow in
2001 and accelerate as the year wore on.
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