German Q4 GDP: Start of a recession? – Commerzbank – by hareshmenghani Germany GDP Recession Banks
of the Preliminary German GDP, which showed that the Eurozone's largest economy contracted by 0.2% during the fourth quarter. This was below consensus estimates for a flat reading and the 0.4% growth recorded in the previous quarter.“Contrary to guidance by the Federal Statistical Office, the Q4 German GDP declined somewhat on Q3 . This was mainly due to private consumption. Consumers are not immune to the erosion of their purchasing power by record high inflation.
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