German economy likely slowed in third quarter, ministry says
SPY•Germany’s economy ministry said growth momentum likely slowed temporarily in the third quarter. It said industrial activity remains subdued and higher energy prices, uncertainty and financing costs are likely to limit domestic demand in the short term.
1. Growth outlook
Germany’s economy ministry said growth momentum likely slowed temporarily in the third quarter. Its monthly report said the outlook for industrial activity remains subdued and domestic demand is unlikely to provide much momentum in the short term because of higher energy prices, uncertainty and financing costs.
