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German economy stagnates with no growth in last quarter – business live

German economy stagnates with no growth in last quarter –



Rolling coverage of the latest economic and financial news, including the latest eurozone growth figures 7.20am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial market, the eurozone and business.
Newsflash: Germany’s economy is flatlining, as a slowdown in spending and exports wipes out growth.Ouch! German economy stagnated in the fourth quarter. German 4Q GDP Adj 0.0% QoQ. pic.twitter.com/oo5CXFxnvHAfter a very strong third quarter, the final consumption expenditure of both households and government slowed down markedly. Trends diverged for fixed capital formation.While gross fixed capital formation in machinery and equipment was down considerably compared to the third quarter, fixed capital formation in construction and other fixed assets continued to increase. Continue reading…



Source link : https://www.theguardian.com/business/live/2020/feb/14/german-economy-stagnates-growth-eurozone-gdp-business-live

Author : Graeme Wearden

Publish date : 2020-02-14 07:29:52

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