German economy weaker than expected in Q3

A Santa Clause figure stands tall in Berlin. For the full year, the German government forecasts that the gross domestic product will come in at 2.6% rather than the 3.5% previously predicted. – AFP pic, November 25, 2021.

GERMANY lowered its growth estimate for the third quarter today, as clouds gathered over the economy with the coronavirus pandemic resurging.

The federal data agency said the economy expanded by 1.7% in the July to September period compared with the previous quarter, down 0.1 percentage points from a preliminary figure published last month.

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