Global Economic News

German Growth At 5-year Low In 2018, Economy Likely Skirted Recession In Q4

Germany's economy grew for a ninth year in 2018 at the slowest pace in five years, largely driven by domestic demand, and likely avoided slipping into a technical recession in the fourth quarter.

Gross domestic product rose a price-adjusted and chain-linked 1.5 percent from 2017, when it expanded 2.2 percent, preliminary data from the Federal Statistical Office showed on Tuesday. The pace exceeded the average 1.2 percent growth rate of the last ten years.

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by RTTNews Staff Writer

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