Thursday, December 8, 2022

German economy grew by 6% in third-quarter but recovery likely to slow: DIW By Reuters


© Reuters. FILE PHOTO: VW re-starts Europe’s largest car factory after coronavirus shutdown

BERLIN (Reuters) – The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID-19 outbreak hits Europe’s biggest economy, the DIW institute said on Wednesday.

DIW pointed to the threat of further coronavirus-related restrictions and said many companies were still struggling with the consequences of the lockdown imposed in spring and had hardly any financial reserves left.

As coronavirus infections soar, German Chancellor Angela Merkel wants state premiers on Wednesday to agree to close all restaurants and bars from Nov. 4 in a bid to curb coronavirus infections, a draft resolution seen by Reuters showed.

The Federal Statistics Office is due to release preliminary German gross domestic product (GDP) data for the third quarter on Oct. 30.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here



Related Stories