German recession confirmed

GERMANY - The German economy is officially in recession, according to official figures which have confirmed two successive quarters of contraction.

Gross domestic product (GDP) shrank 0.3% in the last three months of 2001, following a 0.2% fall between July and September.

The numbers, which were worse than many economists had expected, also showed that in December Germany's economy was 0.1% smaller than it had been in December 2000.

On a seasonally adjusted basis, growth was zero for 2001, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.