• Germany: 2022 preliminary GDP expands 1.9% YoY vs. 1.8% expected

Noticias del mercado

13 enero 2023

Germany: 2022 preliminary GDP expands 1.9% YoY vs. 1.8% expected

Germany’s preliminary Gross Domestic Product (GDP) expanded by 1.9% on an annualized basis in 2022 when compared to the +1.8% market consensus and +2.6% previous, Statistisches Bundesamt Deutschland reported on Friday.

Key takeaways

German economy likely stagnated in the fourth quarter of 2022.

Measured as a percentage of nominal GDP, there was a 2.6% deficit ratio of the general government for 2022.

German government budget recorded a financial deficit of EUR117.6 billion at end of 2022.

Market reaction

The Euro is picking up fresh bids on the upbeat German data, with EUR/USD adding 0.07% on the day to 1.0854, at the press time.

Enfoque del mercado
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