Ginger bread biscuits are wrapped by employees at the Bahlsen factory in Berlin, Germany, 28 August 2015.The German economy grew at 0.
6% in 2019, according to Destatis, the country's federal statistics office.The 2019 full-year gross domestic product figure shows a marked slowdown from the 1.5% growth recorded in 2018 and the 2.2% expansion seen in Germany's economy in 2017.
The decline in economic growth is part of a trend seen in the country in recent years and has been exacerbated by global trade tensions that have hit goods exports, on which it relies for much of its economic strength. Its domestic car industry has also been under pressure due to slowing car sales and a transition to the manufacturing of greener vehicles.
2019 was a particularly torrid year for Europe's largest economy which is traditionally seen as the driving force behind euro zone growth. The country narrowly avoided entering recession — defined as two consecutive quarters of contracting growth — and the last GDP figures released in November showed a very meager growth of 0.1% in the third quarter, up from a contraction of 0.2% in the previous quarter.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
UK tech investment grew faster than the US and China in 2019, study saysVenture capital funding for British start-ups grew by 44% to a record $13.2 billion in 2019, according to new research.
Weiterlesen »
European powers in nuclear deal using dispute mechanism is a 'strategic mistake' - ZarifThe triggering of a dispute mechanism on Tuesday by France, Britain and Germany ...
Weiterlesen »
I've Worn Hair Extensions for 14 Years—These Are the Top 8 Brands to Shop for BundlesShop the best online hair extension brands for clip ins, wefted hair, and faux bangs.
Weiterlesen »
Europeans trigger dispute mechanism in Iran nuclear dealFrance, Britain and Germany formally triggered the dispute mechanism in the 2015 nuclear deal with Iran. IrishJReuters and GuyReuters report
Weiterlesen »
I Grew Up Abroad. Do I Have a Cuisine?'It occurred to me that my discomfort with publishing the adobo recipe had very little to do with the recipe itself, and instead had to do with the invocation of my childhood abroad to give it an aura of accuracy if not authenticity.' -Editor ShoSpaeth
Weiterlesen »
The U.S. jobs market is healthy, but workers in these small towns are being left behindJonesboro, Arkansas and Wheeling, West Virginia are not enjoying the same job growth as Chicago and San Francisco.
Weiterlesen »