According to preliminary figures from the German statistical office, GDP grew by 1.5% in 2018. After a particular strong increase of 2.5% in 2017, Germany’s economy cooled somewhat, especially in the second half of 2018. This was mainly due to the weaker growth in value added by the German industrial sector, which suffered as a result of global political and economic turbulence. However, underlying trends remain strong. Labour market strength in particular continues to support domestic demand. The unemployment rate was at 4.9% at the end of the year (December 2017: 5.3%).
Please fill in the following form to receive the whole report.
You can subscribe to our blog anytime. If you subscribe, you will automatically receive notifications about new blog entries by email.