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Gross domestic product: detailed results on the economic performance in the 4th quarter of 2022
The gross domestic product (GDP) fell by 0.4% in the fourth quarter of 2022 on the third quarter of 2022 after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) reports that the GDP was by 0.2 percentage points lower than communicated in the first release of 30 January 2023.The German economy markedly lost momentum at the end of the year. The gross domestic product grew in the first three quarters of last year (+0.8%, +0.1% and +0.5%) despite difficult framework conditions in the global economy. For the whole year of 2022, most recent calculations confirmed a ... (full story)
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- Posted: Feb 24, 2023 2:34am
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