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Friday February 14 2020Log in Subscribe
GERMANY SLIPS CLOSER TO RECESSION Gurpreet Narwan , Economics Correspondent Friday February 14 2020, 12.00pm GMT, The Times The manufacturing sector is struggling amid a global slowdown in demand, with order books shrinking for two years JOHN MACDOUGALL/AFP/GETTY Gurpreet Narwan , Economics Correspondent Friday February 14 2020, 12.00pm GMT, The Times Germany’s economy stagnated in the final quarter of last year, holding back eurozone growth and prompting fears that Europe’s largest economy could slip into recession. A slowdown in household and government consumption, as well as a slump in exports, weighed on growth. Economists were expecting the economy to expand by 0.1 per cent but official figures indicate that growth was flat in the three months to the end of December. German GDP grew by 0.6 per cent over the year, less than half the 1.4 per cent growth rate registered in the UK. Its performance also affected the wider Eurozone. A flash estimate shows that GDP in the bloc expanded by just 0.1 per cent in the final quarter of 2019 —its slowest rate
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