Economic Buzz: German Economy Expands 2.5% On Year In Q3

Economic Buzz: German Economy Expands 2.5% On Year In Q3

Nov 25, 2021 02:11 IST capital market

The German economy expanded slightly less than estimated in the third quarter, revised data from Destatis showed on Thursday. Gross domestic product grew 1.7% sequentially in the third quarter, instead of 1.8% estimated on October 29. Destatis said the recovery of the German economy thus continued in summer, after the GDP had grown by 2% in the second quarter. On a yearly basis, calendar-adjusted GDP growth eased markedly to 2.5%, in line with preliminary estimate, from 10% in the second quarter.

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