German Economy Surprisingly Stagnates in First Quarter
TEHRAN (ANA)- Germany's economy unexpectedly stagnated with a 0% growth in the first quarter of 2023 compared to the previous three-month period, according to flash data.
Economists expected Germany's gross domestic product would grow 0.2% in January-March compared to October-December.
In the fourth quarter of 2022, Germany's economy contracted by 0.5%, revised downwards from 0.4%, the Federal Statistical Office (Destatis) said.
On a yearly basis, however, Europe's largest economy grew 0.2% in the first quarter, according to Destatis data.
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