The German economy grew in the first quarter by 0.4 percent compared to the previous quarter. The Federal Statistical office said. In the fourth quarter of 2018, the gross domestic stagnated product (GDP) in the third quarter, it was even decreased slightly.
the reason for the slight upturn of the statistics authority, according to, among other things, investments in construction and a rise in private consumption expenditure. The expenditure of the state had declined. In addition, the foreign economic development is mixed: exports and imports alike, informed the Federal office.
“The growth in the first quarter of this year is a first ray of light after two quarters of no growth, thanks mainly to a robust domestic economy,” said Federal Economics Minister, Peter Altmaier, the news Agency Reuters. This is not a reason to sound the all-clear. The international trade conflicts are unresolved. “We must continue to do everything that we can quickly find portable solutions, the free trade,” the CDU politician.
The Federal government and numerous Economists have recently their economic forecasts for the current year will be reduced. The Federal Ministry of the economy, instead of expecting in this year only with an increase in the gross domestic product of 0.5 percent, as first of all, with 1.0 percent. The main reason is the downturn in the global economy.