Prior -0.3%
The German economy stagnated in Q3 as seen in the initial estimates, but at least avoids two consecutive quarters of contracting growth. Overall conditions remain sluggish and with inflation pressures still holding up, it’s creating for stagflation risks in Europe’s largest economy as we enter Q4. The seasonally adjusted GDP reading shows growth of 0.3% year-on-year at least.
This article was written by Justin Low at investinglive.com.