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Germany Q1 final GDP -0.3% vs 0.0% q/q prelim

GDP (non-seasonally adjusted) -0.2% vs +0.2% y/y prelimGDP (working day adjusted) -0.5% vs -0.1% y/y prelimWhat initially was supposed to be marginal growth turned out to be flat growth, and is now revised to a contraction in the German economy in Q1. As such, that sees Germany suffer a winter recession and this isn't really a vote of confidence on the outlook moving forward despite the supposed resilience in the services sector. This article was written by Justin Low at www.for... Read More

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Germany

Final

Prelim

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Posted: May 25 2023, 06:00

Author Name: forexlive

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