Instant View - German economy shrinks 0.6 percent in fourth quarter on weak exports


BERLIN (Reuters) - Germany's economy shrank by 0.6 percent in the final quarter of 2012, its deepest contraction since the height of the global financial crisis in 2009 as exports slowed at the end of the year, seasonally-adjusted data showed on Thursday.

Preliminary Statistics Office data also showed Europe's largest economy still grew on the year, albeit at a meagre 0.1 percent, down from 0.4 percent growth in the third quarter.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Former tabloid publisher to face more questions in Trump hush-money trial
Burkina Faso suspends BBC, VOA radio broadcasts over killings coverage
'Lucky to have him': Australia mourns refugee guard killed in Bondi attack
Trump ready to renew conservative alliance with Hungary's Orban
Kenya Airways accuses Congo of harassment over detained staff
Inside Big Tech’s underground race to buy AI training data
Ireland says UK's Rwanda policy drives migrants over its border
Somalia detains U.S.-trained commandos over theft of rations
A Chinese firm is America’s favourite drone maker – except in Washington
Smaller towns in South Korea bear brunt of doctors’ shortage

Others Also Read