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The German economy grew 0.6% last year the weakest since 2013

2020-01-21 20:48:50

The world economy has suffered a considerable drop but Germany is the most affected with the weakest growth since 2013

 There are many headaches that afflict this country, because the low investment in machinery by companies, plus the fall in exports are the main cause of growth is much weaker than other years ago, with household spending the main reason that executed.

Why was growth in the German economy the weakest since 2013?

  Germany is Europe's largest economy and has shown little growth in many areas, with growth in the last three months of last year at just 0.1 percent to 0.2 percent - a low number, according to Claus Vistesen of Pantheon Macroeconomics. The country's statistics office has so far not published figures, but it is clear that they have real figures to be able to assess the economic impact of this year, as growth is still weak, even if the figures are low they served to prevent Germany from entering a recession.

Germany and the drop in vehicle production.

 This is the third largest exporter of vehicles after the United States and China, which is affected in its growth due to recent tensions in international trade since Donald Trump took office.

  What are the slight growths that Germany has experienced recently?

Even though this European country has had to deal with the weakest growth since 2013, it has managed to show a slight increase in the economy, as some figures indicate:

Services showed a slight growth, as well as construction, but automotive production was directly affected by the decline, while economic activity showed a slight increase of 0.1 percent, but this did not prevent employment per person from falling considerably by 0.3 percent, even though the employment rate has shown a slowdown, as unemployment here represented one of the lowest figures in the world, but still remains complex, at 3.1 percent.

 Finally, it is clear that all countries have recently experienced economic downturns, but Germany, one of the most industrialised countries, has shown its weakest growth since 2013, as the figures show.

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