Germany’s GDP Growth Slowed to 3.0% In 2011, Contracted In Q4

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Germany’s GDP increased 3.0% in 2011, which was right in line with economists’ expectations.However, this is was a major slow down from the 3.7% growth Europe’s largest economy saw in 2010.

Also, GDP fell by 0.25% quarter-over-quarter in Q4.

Germany, which has actually been a major beneficiary of the euro, has been getting hit be economic deterioration across Europe.

The European stock markets are trading modestly higher.  Germany’s DAX is up 0.12%.

Germany is scheduled to auction off 4 billion worth of 5-year debt later this morning.

Overall, nothing too crazy going here.

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