{"id":44120,"date":"2023-11-24T07:39:22","date_gmt":"2023-11-24T07:39:22","guid":{"rendered":"https:\/\/lethal-industry.com\/?p=44120"},"modified":"2023-11-24T07:39:22","modified_gmt":"2023-11-24T07:39:22","slug":"sick-man-of-europe-germany-bound-for-recession-financial-analysist-says","status":"publish","type":"post","link":"https:\/\/lethal-industry.com\/world-news\/sick-man-of-europe-germany-bound-for-recession-financial-analysist-says\/","title":{"rendered":"‘Sick man of Europe’ Germany ‘bound for recession’, financial analysist says"},"content":{"rendered":"

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Germany is “bound” for a recession as GDP contracts by 0.1 percent in Quarter Three (Q3), an analyst has said.<\/p>\n

Justin Lowe, currency analyst at ForexLive, said: “No changes to the initial estimate and this confirms that the German economy is bound for a recession as Q4 growth is also set to contract, albeit perhaps less worse than anticipated in the months before this.”<\/p>\n

The Federal Statistical Office (Destatis) also reported that the result published in the\u00a0first release of 30 October 2023\u00a0has therefore been confirmed.<\/p>\n

Ruth Brand, president of the Federal Statistical Office said: \u201cAfter the weak economic development seen in the first half of 2023, the German economy began the second half of the year with a slight drop in performance.”<\/p>\n

Economic performance was virtually stagnant in the first two quarters of the year (first quarter: 0.0 percent, second quarter: +0.1 percent).<\/p>\n

We’ll be bringing you the very latest updates, pictures and video on this breaking news story.<\/em><\/p>\n

For the latest news and breaking news visit:<\/em>** **<\/em>Finance – Business News and Finance News | Express.co.uk<\/p>\n

Follow our social media accounts here on\u00a0<\/em>Daily Expressand @\u200cdaily_express<\/em><\/p>\n