Germany's GDP shrank by 0.1% in the third quarter, raising concerns of a second recession in just over a year. The contraction was expected and factored into the autumn forecast, according to the German Economy Ministry. French Finance Minister Bruno Le Maire called for action to boost growth in Europe. Euro-area economic confidence has been slowing for six consecutive months due to higher interest rates. Inflation in Europe is showing signs of softening, with German inflation at its lowest since 2021.
German Inflation at Lowest Since 2021 as Economy Struggles https://t.co/J7vITTZvF9
Euro zone core inflation is tumbling and will continue to fall rapidly. Following the downside surprise in German inflation today, Euro zone core could fall from 4.5% in September (orange) to 4.1% in tomorrow's October release. This is a big catalyst for the Euro to fall... https://t.co/3A9NiL5OJo
German output shrinks 0.1% in third quarter https://t.co/ZlCVajrgbE
German Inflation at Lowest Since 2021 as Economy Struggles https://t.co/jaQLRKCw3N
Europe’s biggest economy shrank in the third quarter https://t.co/biZcn7jPKT via @CNNBusiness
French Finance Minister Bruno Le Maire urges Europe to take action to boost growth after fresh data showed the bloc’s biggest economy shrank in the third quarter https://t.co/2W7Tux4ayR
#Germany October inflation lowest since August 2021. 3.8% YoY (prel.), 3.0% YoY harmonized (prel.) https://t.co/0IfmpzmpYk ↕ #ECB monetary policy working?
Inflation in Europe is showing consistent signs of softening. Will the trend continue? https://t.co/wuiWBEnSaw
*GERMANY PRELIM OCT. HARMONIZED CPI FALLS 0.2% M/M; EST. +0.1%
French Finance Minister Bruno Le Maire urges Europe to take action to boost growth after fresh data showed the bloc’s biggest economy shrank in the third quarter https://t.co/paMkl4b6DS
Impact of the European energy crisis: German GDP contracted by 0.1% in the third quarter. The German economy has shown no growth over the past twelve months and is likely to fall into recession by the end of the year.
German economy shrinks slightly in Q3 - Reuters https://t.co/yu1F76ayfg
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
German output shrank in the third quarter — raising the risk that Europe’s largest economy is headed for a recession https://t.co/fJHRvDFtPX
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 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
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
With Europe teetering on the brink of recession and Chinese growth stalling, the US economy has emerged as the primary driver of global growth. But America, too, could be headed for a hard landing, writes @elerianm. https://t.co/dzN2GRHVPT
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