German Economy Had Rough 2018

  • 5 years ago
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. Carmakers such as Volkswagen (VLKAF) have been hurt by weaker sales in China, and they've struggled to certify some new models under new EU emissions tests. Official data for the final three months of the year is not yet available, but German statistics officials said Tuesday that the economy likely returned to growth during the fourth quarter to dodge a recession.