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Gross domestic product in the 3rd quarter of 2022 up 0.3% on the previous quarter
The gross domestic product (GDP) rose by 0.3% in the third quarter of 2022 on the second quarter of 2022, adjusted for price, seasonal and calendar variations. After the slight increase seen in the second quarter of 2022 (+0.1%), the German economy managed to hold its ground despite difficult framework conditions of the global economy, with the continuing Covid-19 pandemic, supply chain interruptions, rising prices and the war in Ukraine. The economic performance in the third quarter of 2022 was mainly based on private consumption expenditure. GDP in the third quarter of 2022 was up a price adjusted 1.1% and a price ... (full story)