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'Just a blip': 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 trade and less state spending, data showed on Tuesday, though analysts said they saw it as a temporary blip.Europe's biggest economy grew by 0.3 percent in the first three months, the slowest rate since the third quarter of 2016, preliminary data from the Federal Statistics Office showed.This compared with 0.4 percent predicted in a Reuters forecast of analysts and followed an expansion rate of 0.6 percent in the final three months of last year.Still, it marked the 15th consecutive ...

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First Published: Tue, May 15 2018. 14:04 IST