German economy returns to growth

The German economy bounced back in the first quarter from a weak second half of 2018, official data showed yesterday, with gross domestic product (GDP) adding 0.4 per cent between January and March.

Europe's powerhouse had only narrowly avoided a technical recession -- two quarters of negative growth -- last year, federal statistics authority Destatis also confirmed, shrinking 0.2 per cent in the third quarter and remaining flat in the fourth.

 

German economy returns to growth

The German economy bounced back in the first quarter from a weak second half of 2018, official data showed yesterday, with gross domestic product (GDP) adding 0.4 per cent between January and March. Europes powerhouse had only narrowly avoided a technical recession -- two quarters of negative growth -- last year, federal statistics authority Destatis also confirmed, shrinking 0.2 per cent in the third quarter and remaining flat in the fourth.