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German Q4 GDP Slightly Upgraded, Remains in Negative Territory

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Germany GDP gross domestic product of Germany flag and map illustration country productivity vector

The German economic performance remained in negative territory in the fourth quarter of 2021, even after the adjustments to reflect price and seasonal factors.

Source: Destatis

EWG is up 0.10% premarket.

Germany’s gross domestic product output compared with the previous quarter stood at -0.3%  in the fourth quarter, an improvement from the earlier announced -0.7%. The adjustments take into account stabilizations in spending during the month.

Compared with the same period in the previous year, fourth-quarter economic output climbed by 1.8%, slower than the 2.8% in the third quarter but faster than the -1.9% in the last quarter of 2020.

Full-year 2021 price-adjusted economic output expanded by 2.9%, marking a rebound from the -4.9% recorded in 2020 as improvements were seen amid the relaxation of COVID-19 related restrictions imposed in the previous year.

The latest figures indicate that the German economic recovery came to a halt at the last three months of the year.

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