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German economy grew slightly in first quarter of 2022

reuters.com · 04/29/2022 04:10
German economy grew slightly in first quarter of 2022

- The German economy grew slightly in the first quarter of this year, supported by stronger investment, but the war in Ukraine began having an increasing impact from the end of February, the Federal Statistics Office said on Friday.

Europe's largest economy grew by 0.2% on the quarter in adjusted terms, the Federal Statistics Office said. A Reuters poll had pointed to growth of 0.1%. Net exports slowed economic growth, the office said.

"The economic consequences of the war in Ukraine have had a growing impact on the short-term economic development since late February," the office added in a statement.



(Writing by Paul Carrel, Editing by Miranda Murray)

((paul.carrel@thomsonreuters.com))