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'Just a blip' - German growth slows in first quarter on weak trade

Reuters  |  BERLIN 

By Michael NienaberBERLIN (Reuters) - German economic growth slowed slightly more than expected in the first quarter of the year due to weak trade, data showed on Tuesday, but analysts called it a blip and predicted Europe's biggest economy would shift into a higher gear again.The German economy grew by 0.3 percent in the first three months - the slowest rate since the third quarter of 2016 - after expanding 0.6 percent in the final three months of last year, preliminary data from the Federal Statistics Office showed.Economists had on average expected growth of 0.4 percent, with forecasts ...

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First Published: Tue, May 15 2018. 12:26 IST