Earlier this week Britain announced that its economic growth in Q4 2019, as measured by GDP, was zero and +1.1 per cent Y/Y versus up 1.2 per cent annualised in Q3. Not good, but maybe not as bad as feared considering the political background. Today Germany published its data for the period, showing there was no growth what-so-ever in Q4 2019 and that the annualised rate of growth was a mere 0.4 per cent. The Financial Times estimates that this will drag down growth in the Eurozone to its slowest in 7 years.
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