the German is, at least so far, has escaped the downturn, manifested in the country’s statistical authority, third-quarter gross domestic product preliminary data.

the Economy grew in April-June by 0.1 per cent mainly due to domestic consumption, thanks. Households spent the end of summer a little more than the beginning of the summer and also construction boomed. In addition, the state increased efforts to economic growth. The domestic market is also maintained low unemployment, rising wages and a strong service sector.

the Economic sentiment was slightly better than anticipated, as it was expected to decrease in July-September, report news agencies.

year on Year in Europe’s largest economy grew in July-September from 0.5 percent, manifested in the statistics authority data. The figure is seasonally adjusted. Growth was slightly in the early summer to more rapid.

Weak economic growth is likely to erode trade war and brexit

the Country’s finance minister Peter Altmaier warned still, the economic growth fragile.

– Technically we are not in recession, but the growth figures are still too weak, Altmaier told ARD television channel in an interview.

the Country’s economy as being in recession if the gdp is negative for two consecutive quarters.

Today, Thursday reported preliminary data also reveal that second-quarter growth was weaker than expected: growth contracted by 0.2 per cent in April-June, although earlier had been told by 0.1 per cent.

even Though Germany has avoided the recession narrowly, economic experts consider the country’s economy was in a state of stagnation. Difficulties struggling with the industrial production and germany in particular, to rotate the car industry suffering from, inter alia, the United states and China trade war and the vehicle the customs of the threat as well as the British, the EU-get rid of associated with many uncertainties.

Sources: Reuters, Afp, AP

Subscribe Yle newsletters!

Proceed to order

GERELATEERDE ARTIKELENMEER VAN DEZE AUTEUR