Germany's central bank report shows a sustained economic downturn in the third quarter of this year
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发表于 2023-10-24 11:32:00
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The Federal Bank of Germany (Bundesbank) released a report on the 23rd stating that the decline in domestic consumption, weak foreign demand, and rising interest rates in Germany have led to a slowdown in the German economy during the summer. The September monthly report of the Federal Bank of Germany stated that "Germany's real gross domestic product (GDP) may shrink in the third quarter of 2023." In addition, the report also showed that as inflation decreases, a strong labor market and wage increases have brought driving force. However, consumers still maintain a cautious attitude towards consumption.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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