Germany, the largest economy in Europe, had its GDP fall 0.5 percent year over year in the first quarter, according to a final estimate from the Federal Statistical Office (Destatis).
An early assessment indicated a 0.1% drop in GDP.
The index decreased by 0.3% on a seasonally adjusted basis; an early assessment indicated no dynamics.
The country’s GDP increased by 0.8% year over year in the fourth quarter of last year, while the German economy contracted by 0.5% on a seasonally adjusted basis.
source: dw.de
