German economy shrinks 0.4 pct in Q4 2022: Destatis

BERLIN, Feb. 24 (Xinhua) -- Germany's gross domestic product (GDP) in the fourth quarter (Q4) of 2022 declined 0.4 percent on the previous quarter, the Federal Statistical Office (Destatis) said on Friday.

"The German economy markedly lost momentum at the end of the year," Destatis said in a statement. Early figures had still indicated a milder decline of only 0.2 percent.

Soaring energy prices pushed inf