Germany's economy shrinks slightly in Q3, raising the risk of a second recession in just over a year, according to Barclays economist Silvia Ardagna. The GDP QoQ flash actual was -0.1%, less than the expected 0.2% drop and the German economy ministry's forecast. Meanwhile, Asian markets are set to be mixed ahead of Japan's central bank decision and South Korea inflation. The dollar holds near 150 yen as Asian central banks are expected to raise interest rates over the next six months due to a stronger dollar and rising oil prices. Euro-area economic confidence also slows for a sixth month as the region struggles with higher interest rates. Sweden's economy stagnates due to rising borrowing costs and growing unemployment. Austria's economy falls into recession with a slump in consumption and investments.
Dollar holds just below 150 yen ahead of busy central bank, data-packed week - SI https://t.co/Pn5bDrZ6br
Euro-area economic confidence slows for a sixth month as the region struggles under the weight of higher interest rates https://t.co/R7FD22MspY
🔴 GERMAN ECONOMY MINISTRY: A MINOR CONTRACTION IN GDP IN Q3 WAS EXPECTED AND FACTORED INTO THE AUTUMN FORECAST.
Euro-area economic confidence slows for a sixth month as the region struggles under the weight of higher interest rates https://t.co/wRZwoxvo6o
🔴 SAXONY CPI YOY ACTUAL 4.5% (FORECAST -, PREVIOUS 5.4%) $MACRO
German economy shrinks slightly in Q3 https://t.co/lTHlxiT6bZ https://t.co/EyKsaGxkcJ
German output shrank in the third quarter — raising the risk that Europe’s largest economy is headed for a recession https://t.co/fJHRvDFtPX
German output shrank in the third quarter — raising the risk that Europe’s largest economy is headed for a second recession in just over a year. Gross domestic product fell 0.1% from the previous three months, less than the 0.2% drop economists expected, the statistics office… https://t.co/ZxtBV2V3Ij
BREAKING: German output shrank in the third quarter — raising the risk that Europe’s largest economy is headed for a second recession in just over a year https://t.co/a9lw4wFQzg https://t.co/J1wibM6Vmt
⚠️ GERMAN ECONOMY SHRINKS SLIGHTLY IN Q3 Full Story → https://t.co/spnywkmM9N
🔴 GERMAN GDP Q3 2023 FULL REPORT https://t.co/1PR8XlcpdS
🔴 ⚠️ BREAKING: GERMAN GDP QOQ FLASH ACTUAL -0.1% (FORECAST -0.2%, PREVIOUS 0.0%) $MACRO
🇩🇪 Germany German GDP (YoY) (Q3) $EUR Actual: -0.8% 🔴 Expected: -0.7% Previous: -0.2% - https://t.co/orvmA6Wqwk
🇩🇪 Germany German GDP (QoQ) (Q3) $EUR Actual: -0.3% Expected: -0.3% Previous: 0.0% - https://t.co/orvmA6Wqwk
🔴 GERMAN GDP YOY NSA FLASH ACTUAL -0.8% (FORECAST -1%, PREVIOUS -0.6%) $MACRO
Austria’s economy falls into recession, with a slump in consumption and investments driving down output for a second consecutive quarter https://t.co/Bg55NKFrXT
Austria’s economy falls into recession, with a slump in consumption and investments driving down output for a second consecutive quarter https://t.co/r8i4bOzcvb
Sweden’s economy stagnates, driven by rising borrowing costs and growing unemployment https://t.co/gcghGnBAMC
Sweden’s economy stagnates, driven by rising borrowing costs and growing unemployment https://t.co/KXMCX4Cjls
Dollar holds near 150 yen as https://t.co/RRbOJrUs08 policy, data deluge awaited https://t.co/buNA3VVc9B https://t.co/iciyodV7Td
Asian central banks are seen to raise interest rates over the next six months, with a stronger dollar and rising oil prices keeping countries on a tightening path https://t.co/wl5uXPQnov
Asian central banks are seen to raise interest rates over the next six months, with a stronger dollar and rising oil prices keeping countries on a tightening path https://t.co/eVnG54uW9r
Asia markets set to be mixed ahead of Japan's central bank decision and South Korea inflation this week https://t.co/0j5UdEPrYZ
Germany may be showing signs of stabilization, but weakness elsewhere in the euro zone may mean the region is in a recession, Barclays economist Silvia Ardagna says https://t.co/NiXajtHg5Z