As mentioned earlier, anything but a negative quarter-on-quarter reading would've been a surprise. But a 0.1% contraction in gross domestic product in Q3 is the best-case scenario in that event. A recession is on the cards for Germany but the question now is for how long and how deep will that be.
German economy ministry says Q3 GDP contraction was expected
- They also comment that it has been factored into the autumn forecast
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