Germany's gross domestic product growth slowed less than expected in the year 2022, driven mainly by private consumption and investment in machinery, and returned to pre-pandemic levels. Despite the better performance, economists continue to look forward to a mild recession in the biggest euro area economy this year.
GDP grew a price-adjusted 1.90 percent in 2022, which was slower than the 2.60 percent expansion in the previous year, preliminary data from Destatis showed Friday. Economists had forecast 1.8 percent growth.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.