Germany expects the economy to shrink slightly in Q3 – recovery at the turn of the year
Germany’s finance ministry predicts the country’s economy will shrink slightly in the third quarter due to the global economic slowdown, rising interest rates and energy prices. However, a moderate recovery is expected to begin at the beginning of next year according to the department.
Germany’s finance ministry expects the country’s economy to shrink slightly in the third quarter, writes Reuters with reference to a monthly report. The global economic slowdown, rising interest rates and energy prices are slowing the expected recovery, according to the department. A moderate recovery is then expected to begin early next year, based on the latest sentiment indicators, the department added.
Notifications
Turn on notifications to get the latest news from Nyheter24.
Decline Accept
Notifications from your city
Turn on notifications for your city to get the latest Blåljus news from Nyheter24.
Decline Accept