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German Preliminary GDP Contracts by 0.7% in Q4 vs. -0.3% Expected

Adel 28 January, 2022 2:03 pm Market Update

The German economy shrunk by 0.7% inter-quarter in the fourth quarter of 2021 when compared to the expectations of -0.3% and 1.7% booked in Q3, the preliminary report published by Destatis showed on Friday.

Meanwhile, the annualized GDP rate dropped to 1.4% in Q4 against the previous reading of 2.5% while missing the market expectations of a 1.8% figure.

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