German economy contracts 5 per cent in 2009, worst performance since WWII

The Associated Press ~ staff The News
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BERLIN - Official data show Germany's economy contracted 5 per cent in 2009 amid the global economic downturn, its worst performance since World War II.
The figure published by the German Federal Statistical Office was in line with government predictions.
Germany's export-dependent economy, Europe's largest, emerged from a deep recession in the second quarter of 2009 and the government predicts growth of 1.2 per cent in 2010.
The worst postwar performance to date was a 0.9 per cent decline in West Germany's gross domestic product in 1975.
The worst since German reunification was a 0.8 per cent fall in 1993.

Organizations: German Federal Statistical Office

Geographic location: West Germany, BERLIN, Europe

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