“…..There is a little bit of disappointment because of the GDP figures,” Robert Halver, head of capital markets research at Baader Bank AG in Frankfurt, said in a telephone interview. “The fourth quarter of 2012 should be the only one showing negative growth, with the following quarters showing better figures of economic activity. This is just a negative blink, not a sustainable trend.”
German gross domestic product may have dropped as much as 0.5 percent in the fourth quarter from the previous period, the Federal Statistics Office in Wiesbaden said today in a preliminary estimate. Growth slowed to 0.7 percent in 2012 from 3 percent in 2011, it said. Economists had forecast an expansion of 0.8 percent, according to the median of 28 estimates in a Bloomberg News survey.”
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