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German Economy To Contract Slightly In Q3, Says Bundesbank

Por: RTTNews Business September 18, 2023

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The German is set to contract slightly in the third quarter as private consumption is unlikely to contribute positively, Bundesbank said in its monthly report released Monday. Households are holding back spending despite somewhat slowing inflation and strong wage increases and robust labor market situation, the bank noted. Consumer-related areas of the service sector also suffered from subdued private spending. Bundesbank forecast the weakness... + full article



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