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.