German economy expands in Q3

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/reuters
German economy expanded 0.2% in the third quarter on seasonally adjusted basis matching analysts' forecast, yet slowing down the pace of growth as the GDP reading advanced 0.3% in the previous quarter. The main factors contributing to economic growth were exports, construction and household spending, whereas company investment and inventories deprived the nation's GDP. As the Eurozone is still struggling with its debt crisis, concerns arise over contraction in the fourth quarter. 
"The economy is currently influenced by a streaky overall picture that is likely to continue to darken by the end of the year. The uncertainties stemming from the sovereign debt crisis are as much a concern as the mixed economic signals from other regions of the world," the Bundesbank said in its monthly report this week.

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Fri, 23 Nov 2012 13:40:02 GMT

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