Germany's economic contraction at the end of 2022 was more severe than estimated initially, latest data from Destatis showed, indicating that the biggest euro area economy significantly lost momentum at the end of last year and added to fears of a looming recession in the currency bloc.
Gross domestic product decreased 0.4 percent quarter-on-quarter, which was a more severe fall than the 0.2 percent estimated initially. In the third quarter, the economy had expanded 0.5 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.