Exports fell behind the German economy contracted in the fourth quarter

ecline in exports led to contraction German GDP in the fourth quarter of last year overturned a positive impact due to the high domestic demand and highlighted the vulnerability of Europe's biggest economy weakened its neighbors in the euro zone

 

The data confirmed adjusted for seasonal changes of the German Federal Statistics Office earlier preliminary estimates showed that GDP shrank 0.6% in the last three months of last year compared to the previous quarter.

That was the biggest decline since shrinking economy 4.1% in the beginning of 2009 and the second contraction since the recession in the period from 2008 to 2009, and reduced foreign trade GDP 0.8 percentage points, while Zadeh domestic demand 0.2 percentage points, and exports fell 2% in the fourth quarter while imports fell 0.6%