New car emissions tests partly to blame for German GDP dip – Unicredit
The switch to the new car emission test procedure WLTP is one reason why Germany’s economy recorded a slight dip in the third quarter. “The latest weakness can be explained by a curious coincidence of special circumstances. For instance, there were temporary problems in the auto sector caused by a new globally harmonized standard for levels of pollutants and carbon dioxide of passenger cars (WLTP),” said Unicredit's chief German economist Andreas Rees. Germany’s gross domestic product shrank by 0.2 percent in the third quarter compared to the second quarter, its first contraction since 2015.
Read the destatis press release in English here.