Compared to the market estimate of 1.8% and the year before, Germany’s preliminary Gross Domestic Product (GDP) increased by 1.9% on an annualized basis in 2022, Statistisches Bundesamt Deutschland announced on Friday.
The fourth quarter of 2022 probably saw a stagnation in the German economy.
The general government’s deficit ratio for 2022 was 2.6% when expressed as a percentage of nominal GDP.
At the end of 2022, the German government budget showed a 117.6 billion euro financial imbalance.
