Germany reports sluggish first-quarter growth of 0.1%

On 24 May 2013 BBC News reported that Germany's economy barely grew in the first quarter of 2013 as exports and investment shrank.

Gross domestic product rose 0.1% from the previous quarter, but contracted 1.4% compared with a year earlier. The report showed the economy narrowly avoided falling into a recession. In the previous quarter of 2012, Germany's annual economic output shrank by 0.7%. A recession is defined as two consecutive quarters of economic contraction.

ESO: Background information: German growth too weak to lift eurozone from recession http://www.europeansources.info/record/german-growth-too-weak-to-lift-eurozone-from-recession/

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