BERLIN (Reuters) – The German economy shrank by a bigger than expected 1.8% on the quarter in the first three months of the 12 months as coronavirus curbs crushed non-public consumption in Europe’s largest economy, knowledge confirmed on Tuesday.
On the 12 months, gross home product contracted by 3.1%, the Federal Statistics Office stated.
A Reuters ballot had pointed to a first-quarter contraction of 1.7% on the quarter and three.0% on the 12 months in seasonally adjusted phrases.
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