Bloomberg
@businessThe French and German economies continue to struggle at the beginning of the fourth quarter, with private-sector activity still shrinking https://t.co/nCVWuJXWlI
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Germany's economy likely contracted in the third quarter, according to a monthly report by the Bundesbank. This contraction is attributed to declining industrial production, a shrinking construction sector, and weakening consumption. Japan's factory activity also shrank for the fifth consecutive month in October, while the service sector experienced its weakest growth this year. The outlook for Japan's economy remains uncertain. Germany is projected to surpass Japan as the world's third-largest economy in 2023, aided by the depreciation of the yen against the dollar and the euro. Both the French and German economies are struggling in the fourth quarter, with private-sector activity still shrinking.