The German economy contracted more than expected as new restrictions imposed at the end of the year dampened household spending, data released by Destatis revealed on Friday.
Gross domestic product fell 0.7 percent sequentially in the fourth quarter, reversing the 1.7 percent expansion in the third quarter. Economists had forecast the economy to contract 0.3 percent.
On a yearly basis, GDP grew 1.4 percent, but slower than the 2.9 percent expansion registered in the third quarter.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.