Germany: Economy historically strong, politics completely uncertain
Looking for positive news on Germany these days? Then German GDP data is what you are looking for.
The German statistical agency just confirmed the strong 3Q reading for GDP growth a 0.8% QoQ, from 0.6% QoQ in 2Q. On the year, the German economy grew by 2.3%. What is new? The release of the growth components shows that net exports and investment were the main growth drivers, while private consumption and the construction sector took a break in 3Q.