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Sluggish German growth sparks recession fears ...News
The Eurozone’s industrial powerhouse has continued to weaken, official data shows Germany’s GDP fell 0.1% in the third quarter from the previous three months, the Federal Statistical Office reported on Monday, citing weak purchasing power and higher interest rates. According to the report, household consumption has declined as high inflation continues to undermine consumers’ purchasing power. The statistics office, however, has revised the figure for the second quarter to a modest 0.1% expansion, from stagnation. The figure for the first quarter was revised to stagnation, from a previous contraction that had led t
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