Germany: The End Is In Sight For This Slowdown
This article is for subscribers only.
Germany's economy--and the euro zone generally--clearly slowed in the third quarter. But growth prospects for the coming year remain good, as oil prices and the euro stabilize and as sizable tax cuts kick in.
Germany's gross domestic product last quarter rose 0.6% from the second quarter, after averaging just under 1% growth per quarter in the first half. Adjusted third-quarter growth from the year before now stands at 3.4%, and despite a slower second half, 3% for the full year seems likely.