German economy grew unexpectedly in the third quarter, according to the official state statistical institution published on Friday, and Germany reiterated its strong status as Europe deals with high inflation and energy crisis
The German production increased by 0.3 per cent on a quarter, and enlargement mainly stems from consumer expenditures, the national statistical institution, Supportatis, said in early figures.
According to analysts surveyed earlier, %-0.2 percent narrowing was expected.
Statistics agency officials; “The German economy survived the ongoing outbreak of Covid-19, supply chain cuts, rising prices and the harshest framework of the Ukraine and the global economy.” said.
The German government expects the economy to shrink by %-0.4 percent in 2023.
3 thoughts on “The German economy exceeded expectations in the third quarter”