Business
Preliminary GDP of Germany in the first quarter +0.2% against +0.1% q/q expected
- Before -0.3%; revised to -0.5%
On paper, the headlines are good news for Europe’s largest economy. However, this follows a negative revision to the fourth quarter figures. There is no point in looking back, but it must be put into context. Either way, Germany is not giving in to the pressures of recession to start the new year.
This article was written by Justin Low at www.forexlive.com.
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