Germany’s economy seen shrinking again in the current quarter as business confidence declines ...Middle East

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BERLIN (AP) — Germany’s economy is likely to shrink again slightly in the current fourth quarter, the country’s central bank said Monday, while a survey showed business confidence retreating unexpectedly. Europe’s biggest economy contracted by 0.1% in the third quarter after growing by the same amount in the previous three-month period, according to official figures. The Bundesbank said in its monthly report that “real gross domestic product in Germany is likely to decline again slightly in the fourth quarter of 2023” as a result of weak performances in industry and construction Two consecutive quarters of contraction is a common definition of recession, though the economists on a panel th

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Last updated : 18 Dec 2023 clock 04:16 PM

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Germany’s economy seen shrinking again in the current quarter as business confidence declines ...Middle East

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