France records fastest growth in 52 years; German economy shrinks; US consumer confidence sinks – business live

Rolling coverage of the latest economic and financial news

• Mike Lynch loses civil case against HP over Autonomy sale
• Markets in the red again
• German economy shrank 0.7% in last quarter
• French GDP grew 7% last year as economy recovered from 2020 slump
• Spain records fastest annual growth since 2000
• Apple beats estimates with all-time record revenue

Germany’s statistics body has also reported that goods exports to the UK fell last year.

German companies sold €65.4bn of goods to the United Kingdom during 2021, Destatis says. That’s a drop of 2.5%, on top of the 15.3% tumble in 2020 when global trade was ruptured by the pandemic.

One year after the United Kingdom left the European Union, German exports to the UK continued to decline.

Based on first provisional results, the Federal Statistical Office (Destatis) reports that Germany exported goods to the value of 65.4 billion euros to the United Kingdom in 2021.

Continue reading...

* This article was originally published here