The German economy shrank in the fourth quarter as the preventive measures imposed amid the fourth wave of the pandemic weighed on household spending, revised data from Destatis showed on Friday. Nonetheless, the pace of contraction was much slower than the previous estimate. Gross domestic product fell 0.3 percent sequentially, in contrast to the 1.7 percent increase in the third quarter. Nonetheless, this was much slower than the 0.7 percent decline estimated initially.
Due to the restrictions imposed in the course of the fourth wave of the pandemic, household consumption declined 1.8 percent after two quarters of considerable increases. On the other hand, government expenditure increased 1.0 percent.
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.