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German Q4 GDP

Usually, the final GDP numbers repeat the preliminary ones, or there is a decimal or two adjustments.

In normal circumstances, a decimal up or down is often just a matter of rounding and doesn’t have significant implications. But Germany – indeed, the entire eurozone – is not in normal circumstances, despite the lack of significant economic growth being the trend for over a decade at this point.

The preliminary results published on February 14th showed that the German economy flatlined for the final quarter of last year.

When sitting on the line between growth and contraction, one decimal can be quite significant. Even if it’s just a technical change!

In 2019, Germany just narrowly avoided falling into a technical recession. Even if the final results come in at zero, we have a significant chance of that happening again this year.

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But if Q4 German GDP is adjusted dow...

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