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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by Jyotsna V
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