All the day’s economic and financial news, including new GDP figures from the eurozone and the latest UK unemployment and wage statistics

The news that Germany’s growth rate halved in the last quarter is causing a stir.

Economist Ulrik Bie blames the drop in exports by German firms:

German GDP grew by 0.3% q/q in 1Q/2018 with the annual growth rate declining to 2.3%. This was weaker than expected. Positive growth impulse from investments – construction and machinery, with a small increase in household consumption. Negative contribution from net export pic.twitter.com/VDiD6q70Ll

Fears of a #eurozone slowdown will be back today as German #GDP growth braked to 0.3 percent in the first quarter, halving the 0.6 percent that rounded off last year – @destatis figures via @afp

Slightly downside surprise in German GDP. Everything, imho, suggests that y/y growth in the EZ as a whole is slowing towards just under 2%; consistent with q/q growth of 0.4-to-0.5% for the rest of the year.

The German economy lost a lot of momentum in Q1. GDP grew by 0.3%, in line with our view but only half the 0.6% from Q4 2017. Part of the weakness will be reversed as transitory factors fade, but we think there is more to it. Q2 will see only a bounce to 0.6% and 2018 record 2.2%

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Newsflash: Germany has suffered a growth slowdown after being hit by weak trade.

The German economy continued to grow at the beginning of the year, though at a slower pace.

#GrossDomesticProduct up 0.3% in the 1st quarter of 2018 https://t.co/PpLlRWE0Pj #GDP pic.twitter.com/tWFPL8kifp

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Read More German economy slows as weak trade bites – business live

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