The German economy escapes almost a recession: The German gross domestic product (GDP) in the fourth quarter. The development compared to the previous quarter was 0.0 percent, as the Federal Statistical office reported.
In the third quarter, contraction in Europe's largest economy, compared to the prior-year period to 0.2 per cent. It was the first decline since three and a half years. Economic output falls for two quarters in a row, speak to Economists from a "technical recession". These were the last of the year 2012/13.
world economy cools
For the full year of 2018, an increase of 1.4 percent after a 2.2 percent economic growth in the boom years 2016 and 2017. The authority was previously assumed, in accordance with the first data of a Plus of 1.5 percent. The reason for the slowdown in the overall year, especially international trade conflicts. Were added in the past year, problems of the auto industry in the transition to the new emissions and consumption standard WLTP, as well as low water due to the summer heat, the disabled, the Transport of several goods.
economic research institutes, international organizations, and the Federal government had recently lowered their growth forecasts for the German economy. Due mainly to the slowdown in the global economy, trade, political conflict, and the uncertainties of the Brexits were called. The Federal government expects for this year an increase in the gross domestic product of 1.0 per cent. In its autumn forecast, it was forecasted an increase of 1.8 percent.