Open Demo Account
Home / Market Update / German Economy Ministry: Significant GDP Increase is Likely in Q3
Merkel
Merkel

German Economy Ministry: Significant GDP Increase is Likely in Q3

Adel 14 October, 2021 2:51 pm Market Update

The German Economy Ministry said in its latest report that it expects a significant increase in the gross domestic product in the third quarter of this year, thanks to growth in the service sector.

“Separately, the German economic institutes cut the 2021 growth forecast to 2.4% from the 3.7% previous estimate.

Meanwhile, the country’s highly influential institutes raised the 2022 GDP growth forecast from 3.9% to 4.8%.” German Economy Ministry said

Tags

Check Also

European Shares Remain Subdued as Markets Await U.S.-China Trade Talks

European stocks traded cautiously on Monday, following a positive week, as investors remained on edge …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends