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 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.