German economy has worst year since 2013
London (CNN Business)Germany may have dodged a recession but its economic performance in 2018 was still the weakest in five years, adding to evidence that trade tensions and a sharp slowdown in China are hampering global growth.
The German economy grew 1.5% in 2018, according to preliminary government data published Tuesday. That’s a sharp drop from the 2.2% expansion in 2017, and the slowest annual rate since the European debt crisis.
The euro slumped nearly 0.4% to $1.14 after the GDP data was released.
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