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German growth halves in first quarter on weak trade

Reuters  |  BERLIN 

By Michael NienaberBERLIN (Reuters) - German growth halved in the first quarter of the year due to weaker exports and less state spending as disputes with the United States over trade and Iran's nuclear deal clouded the outlook for Europe's biggest economy.The weaker-than-expected gross domestic product (GDP) data, released by the Federal Statistics Office on Tuesday, showed the German economy grew by 0.3 percent in the first three months, the slowest rate since the third quarter of 2016.The first estimate was below the 0.4 percent predicted in a Reuters forecast of analysts and followed an ...

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First Published: Tue, May 15 2018. 16:40 IST