German GDP Suffers First Fall Since 1990

19 January 2004

The German economy contracted last year for the first time in over a decade.

The nation's official statistics office last week revealed that gross domestic product shrank by 0.1% in 2003, following falls in private consumption, construction, capital spending and investment in machinery and equipment.

The last time Germany -- Europe's largest economy -- suffered a fall in annual GDP was in 1990, following the reunification of East and West.

Data sourced from: The Wall Street Journal Online; additional content by WARC staff