Germany Gross Domestic Product w.d.a (YoY) down to 1.1% in 1Q from previous 1.4%

As per the data released by the Federal Statistical Office (Destatis), the German economy expanded 0.3% quarter-n-quarter after adjustment for price, seasonal and calendar variation, which is lower than the expected 0.5% growth rate. In the last quarter of 2014, a marked increase of 0.7% was recorded.