German recession to highlight the euro area Q3 GDP releases today ...Middle East

It has been the case for a while now, especially with the manufacturing sector in such a dire state. Here's the estimates for the Q3 GDP releases in key euro area countries this week:Germany -0.3% q/q (previously -0.1%)France +0.3% q/q (previously +0.3%)Spain +0.6% q/q (previously +0.8%)Italy +0.7% q/q (previously +0.9%; revised to +0.6%)The periphery nations continue to outperform but recent data has showed that they are also starting to see some slowdown. But the standout is of course the fact that a contraction reading will confirm a recession in Germany (again). This will mark the fourth time in the last five quarters that the economy has shrunk.The latest PMI data for Germany here migh

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