German factory orders grew less than expected

Source: Bloomberg
© Scanpix/FP
Germany's growth may be slower in the second half of the year than the economists predict, as the factory orders rose less than the forecast of a 2.2% gain - there was only a 0.8% increase in September. Meanwhile, the European Commission has recently cut the growth forecasts for the Euro zone, and German economic challenges only intensify because of the worsening relations with Russia, an important trade partner of the bloc's flagship.
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