Xinhua, Berlin :
Germany’s gross domestic product (GDP) declined for the first time in over three years during the third quarter (Q3) of 2018, figures published on Wednesday by the country’s Federal Statistical Office (Destasis) show.
According to the Wiesbaden-based government agency, German GDP was 0.2 percent lower on a price- and seasonally-adjusted basis between July and October compared to Q2.
The surprising slip into negative growth territory was the first observed in the Eurozone’s largest economy since Q1 2015 and came after having measured increases in the previous two quarters of 0.5 percent and 0.4 percent respectively.
Germany’s gross domestic product (GDP) declined for the first time in over three years during the third quarter (Q3) of 2018, figures published on Wednesday by the country’s Federal Statistical Office (Destasis) show.
According to the Wiesbaden-based government agency, German GDP was 0.2 percent lower on a price- and seasonally-adjusted basis between July and October compared to Q2.
The surprising slip into negative growth territory was the first observed in the Eurozone’s largest economy since Q1 2015 and came after having measured increases in the previous two quarters of 0.5 percent and 0.4 percent respectively.
