The German economy contracted more than expected as new restrictions imposed at the end of the year dampened household spending, data released by Destatis revealed on Friday.
Gross domestic product fell 0.7 percent sequentially in the fourth quarter, reversing the 1.7 percent expansion in the third quarter. Economists had forecast the economy to contract 0.3 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com