During the first quarter of 2018, the German economy recorded a deceleration of 0.62 p.p. in its year-over-year growth rate in comparison with the previous quarter, standing at 2.29%. The year-over-year growth rate of domestic demand increased to 1.98%. Regarding the labor market, the unemployment rate went up to 3.63% and the year-over-year growth rate of employment decreased when compared to the fourth quarter down to 1.38%. The euro appreciated against the dollar, registering an exchange rate of 1.23 $/€. Finally, the inflation stood at 1.50%.
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