Economy: German economy growing stronger than expected - because one area is running remarkably well
In the third quarter, the gross domestic product grew twice as much as expected. Nevertheless, it was only a mini-growth. Three sectors are crucial for this development.
Germany's economy grew by 0.2 percent in the third quarter, exceeding the forecasts of most economists. The Federal Statistical Office announced this in its initial estimate on Friday. Leading economic research institutes had predicted growth of only 0.1 percent for the quarter. The German economy has continued its recovery, despite challenges, and this could lead to an improved growth forecast for the year; Deutsche Bank has already raised its forecast to 1 percent.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Economy: German economy grows surprisingly in the summer handelsblatt.com
