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Keyword: destasis

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  • German economy records zero growth in fourth quarter

    02/14/2020 6:49:06 AM PST · by Olog-hai · 17 replies
    Deutsche Welle ^ | 02.14.2020 | aw/rc (dpa, AFP, AP)
    The German economy posted zero growth in the final quarter of 2019, the federal statistics authority (Destasis) reported in preliminary statistics on Friday. The Gross domestic product (GDP) was the same in October-December as in the previous three months. The results were worse than forecast, with predictions of 0.1% growth. However, Destastis revised its results for the third quarter, with the GDO growing by 0.2% instead of the 0.1% previously reported. […] The zero growth is a reflection of broader eurozone slowness with headwinds from the US-China trade dispute and Brexit. The European Central bank has been trying to stimulate...