Germany’s economic growth stalled in the final three months of the year in 2019. This came on slower consumption and weaker exports.
GDP remained unchanged from the previous quarter. Meanwhile, the Q3 2019 GDP was revised to show a 0.2% increase. For 2019, the annual GDP growth rate for Germany is 0.6%. This is the slowest growth rate since 2013.
EUR/USD Remains Pinned to the Downside
The common currency did not make much progress as it consolidates near the 1.0839 level. Price action indicates a possible rebound on the divergence.
However, the falling trend line needs to be breached. The outlook for the euro continues to remain weak on the fundamentals.
