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Germany: Annual GDP declines 0.2% in Q1

FXstreet.com (Barcelona) - On an annual basis German GDP w.d.a. decreased 0.2% in Q1, following a 0.4% rise registered the previous quarter, according to data released by Destatis. This result is in line with projections.

On a quarterly basis Q1 GDP s.a. edged up 0.1%, following a 0.6% drop in Q4.

Year-over-year GDP n.s.a. dropped 1.4% in Q1, compared with the 0.1% rise in Q4.

EUR/USD little changed after German GDP

The euro turned to positive after the German GDP expanded in line with expectations during the first quarter, hovering over 1.2935/40...
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