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Slight growth in German economy in Q1 '22

BERLIN, May 25 (KUNA) -- The German Federal Statistical office (Statisches Bundesamt) said on Wednesday that the national economy grew by 0.2 percent in the first quarter of 2022.
A press statement by the office said "the German gross domestic product (GDP) rose by 0.2 percent in the first quarter of 2022 on the fourth quarter of 2021 after adjustment for price, seasonal and calendar variations." "Compared with the fourth quarter of 2019, the quarter before the COVID-19 crisis began, GDP was 0.9 percent lower." It added this corresponds to the results communicated in the first release of April 29, 2022.
"War in Ukraine and the continuing COVID-19 pandemic have intensified existing distortions, including interruptions in supply chains and rising prices," said Dr. Georg Thiel, President of the Federal Statistical Office.
"Despite difficult framework conditions in the global economy, the German economy started 2022 with a slight growth," Thiel continued. (end) anj.gta