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German economy grew 0.3% in Q4, better than thought

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BERLIN – The German economy grew 0.3% in last year's fourth quarter compared with the previous three-month period, official data showed Wednesday — a better performance than first thought.

The Federal Statistical Office had reported in late January that gross domestic product edged up 0.1% in the October-December period.

Wednesday's revision meant that last year's overall drop in GDP was a touch less sharp than originally reported — 4.9% rather than 5%.

That fall ended a decade of growth and was the biggest decline since the financial crisis in 2009. Germany’s economy did better than several others in the 19-country eurozone as it was supported by manufacturing, which has taken less of a hit than services during the pandemic.

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