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Why the German economy is shrinking and what that means for investors - financial expert analyzes.
According to a report from www.n-tv.de, Germany is facing a difficult phase as economic output fell in the third quarter and the Bundesbank expects a further decline in the fourth quarter as well. The main concerns are a slump in consumption and the weakening global economy, which are slowing down the German economy. In addition, the continued high inflation is putting a strain on consumers because they can afford less for their money. The weakness of the global economy also has an impact on Germany's export economy, which failed to act as a growth engine in the summer. In addition, the increased interest rates are depressing demand for construction services. However, positive impulses for the economy came from corporate investments...
Why the German economy is shrinking and what that means for investors - financial expert analyzes.
According to a report by www.n-tv.de,
Germany is facing a difficult phase as economic output fell in the third quarter and the Bundesbank expects a further decline in the fourth quarter. The main concerns are a slump in consumption and the weakening global economy, which are slowing down the German economy. In addition, the continued high inflation is putting a strain on consumers because they can afford less for their money.
The weakness of the global economy also has an impact on Germany's export economy, which failed to act as a growth engine in the summer. In addition, the increased interest rates are depressing demand for construction services. However, positive impulses for the economy came from companies' investments in equipment.
The German economy is suffering from a slump in consumption and a weak global economy, which is leading to a decline in economic output. Inflation is putting pressure on consumers, while exports and demand for construction services are being depressed by higher interest rates. The forecast for the fourth quarter of 2023 also suggests a further decline in economic output, which could lead to a technical recession.
Read the source article at www.n-tv.de