German economy slows in third quarter

German economy slows in third quarter
 

Germany's economic growth slowed in the third quarter of the year, dented by weaker exports, figures have shown.
Europe's largest economy grew by 0.2% between July and September, half the 0.4% rate seen in the previous three months.
This was slower than economists had expected and well below the 0.7% rate recorded in the first quarter.
"The development of foreign trade had a downward effect on growth," said Germany's Federal Statistics Office.
"Exports were slightly down while imports were slightly up compared with the second quarter of 2016.
"Positive impulses on the... read more

 
15 November 2016 in Business, Views: 35
Source: BBC
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