Germany confirms growth slowdown

Posted on November 24, 2016

Germany confirmed its economic growth rate slowed to 0.2 per cent in the third quarter, as a decline in capital investment and its trade surplus weighed on growth.

The country’s economy expanded by 0.2 per cent in the quarter, compared with 0.4 per cent in the second quarter and 0.7 per cent in the first quarter.

The figure was in line with forecasts after Destatis’ flash estimate earlier this month, but the initial news disappointed economists who had initially expected growth of 0.3 per cent.

However, the Bundesbank has predicted that a rebound in manufacturing activity should help the country rebound with “significantly stronger” growth in the final three months of the year.

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