Germany reports growth at 0.25%

The Bundesbank said on Monday 19 January in its January monthly report that Germany grew by just 0.25 percent in the fourth quarter of 2003 compared with the third quarter.

The Bundesbank's estimate means that growth of German gross domestic product did not pick up noticeably at the end of last year as the government had been hoping.

In the third quarter of 2003, German GDP had expanded by a meagre 0.2 percent quarter-on-quarter.

Germany's lacklustre economic performance in the second half of 2