Germany: Economy likely avoided slipping into technical recession – Danske Bank

Sandeep Kanihama FXStreet Contributor

In view of analysts at Danske Bank, today's highlight in the euro area is the German GDP figure for Q4 2018.

Key Quotes

“We expect the German economy avoided slipping into technical recession, however the quarterly growth pace is likely to have remained subdued at 0.1% q/q.”

“In Q3, the German economy experienced its first contraction since 2015 with GDP growth rates at -0.1% q/q. External factors such as the trade war, Brexit, as well as domestic problems in the car sector and low water levels in the Rhine River continued to hamper activity in Q4.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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