The growth of German economy slowed down to the annual minimum in the past quarter, confirming the delicacy of recovery of the Eurozone during uncertainty periods – Take-profit.org reports.
GDP increased by 0.2% for a 3-month period until September, not justifying expectations of economists, surveyed by Bloomberg, 0.3% versus 0.4% in the second quarter. The economy increased by 1.7% vs. the previous year.
The growth of German economy in the third quarter was ensured by domestic demand, as public and private consumer expenditures increased, the Federal Service of Statistics reports. Meanwhile, the export reduced, like investments in equipment, while the construction increased.
According to the Central Bank of Germany, during summer months, the economy somehow weakened; however, the slowdown is the temporary phenomenon, as the last indicators show that it retrieves the impulse. The sentiments on business circles increase to a 2-year maximum, while the unemployment rate dropped to a record low.
