Entertainment German economy in the third quarter by 1.7 percent grown -Ifw sees stagnation in the fourth quarter
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The German economy has grown a little weaker in the third quarter, when adopted first.
The gross domestic product increased by 1.7 percent over the period from July to the end of September, as the Static Federal Office announced on Thursday. In a first estimate, the Wiesbaden authority was assumed by an increase of 1.8 percent. Compared to the fourth quarter of 2019, ie the level before the Corona crisis, the economic output fell 1.1 percent lower.
was postponed Europe's largest economy from private consumption, which rose sharply by 6.2 percent. Rental bottlenecks left traces: the export and investment of companies in equipments such as machinery sank compared to the previous quarter.
economists prophesies Economy A hard winter
of the German economy faces a hard winter after the assessment of economists of leading financial and economic institutions. © Hauke-Christian Dittrich / dpa The Christmas business in the inner cities threatens a heavy corona delle this year. "After the summer economy boom, at the turn of the year, it should be enough for a mini-growth," said Katharina Utermöhl from the Allianz Group in a survey of the German Press Agency.
economists expect the German economy to lose significantly at pace due to delivery bottlenecks and the escalation of the Corona infection situation at the end of the year and is expected to be growing in the fourth quarter.IFW: German GDP will probably stagnate in the 4Q
The prospects for the German economy in Germany and the euro area has been clearly clouded in the euro area institute for the World Economy (IFW). Instead of moderate growth for gross domestic product (GDP) is now expected for the current fourth quarter 2021 and the coming Quarter of 2022, if a stagnation was to be expected, IFW Director Stefan Kooth. Also possible are moderate declines. While the industry continues to be inhibited by delivery bottlenecks, setback threatened for the service areas. "The catching up to the summer half-year catching up process is mounting with it and is likely to take place again from the spring," says Kooth. Through the fourth corona wave, newly immensely threatens for the contact-intensive service providers. However, economic burglaries are likely to be less strong than in the spring of 2020 and in winter 2020/2021.
Wiesbaden (DPA-AFX) / Dow Jones Newswires
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