According to a preliminary estimate from the Federal Statistics Institute (Destatis), GDP expanded 0.4% in 2013, which marked a deceleration compared to the 0.7% expansion registered in 2012. The reading, which fell short of market expectations of a 0.5% expansion and the Bundesbank’s estimate of 0.6%, represents the slowest GDP growth since the height of the global financial crisis in 2009. The figure is still subject to revision and more detailed data for 2013, including the Q4 results, will be released on 14 February.
Read more about German GDP.
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