Economic Buzz: German GDP Growth Decelerates In Q1

German gross domestic product grew 0.3 percent sequentially, slower than the 0.6 percent expansion seen in the previous quarter, data from Destatis showed Tuesday. GDP was expected to climb at a slightly faster pace of 0.4 percent. Nonetheless, Destatis said this was the 15th quarter-on-quarter growth in a row, contributing to the longest upswing phase since 1991. On a yearly basis, calendar-adjusted GDP climbed 2.3 percent after expanding 2.9 percent in the fourth quarter. Similarly, price-adjusted growth eased to 1.6 percent from 2.3 percent a quarter ago.