Germany's economy shrank 0.2% in the last three months of 2004 (confounding hopes of a 0.2% expansion). The Federal Statistics Office said growth in the third quarter had been zero. It said growth for the whole of 2004 was 1.6% (down from an earlier estimate of 1.7%).
The German economy actually contracted in 2003 (as opposed to the near-zero but positive growth previously reported), in what was a year of healthy growth for most other OECD countries.
[Thanks to DVD for bringing this to my attention]
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