German GDP contracts -0.1% qoq in Q3, less severe than expected

Germany’s GDP (price, seasonally, and calendar adjusted) shrank by -0.1% qoq in Q3. This decline, however, was slightly less severe than the anticipated -0.2% qoq contraction. This contraction comes in the wake of a modest 0.1% growth in Q2 and a state of stagnation in Q1. On a year-over-year basis, the picture appears more pronounced. […]

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