-
German economy remains stuck in stagnation
Still stuck between cyclical headwinds and structural challenges, the German economy fell back into negative territory in the third quarter, with very little respite in sight. According to the just-released first estimate, the German economy remains stuck in stagnation. In the third quarter, German GDP growth fell by 0.1% quarter-on-quarter, from a slightly upwardly revised +0.1% QoQ in the second quarter. First quarter GDP growth was also revised upwards from -0.1% QoQ to zero. On the year, the German economy shrank by 0.3% in the third quarter. GDP details will only be released at the end of November but available ... (full story)