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German Economy To Grow At Slower Pace In Q4: Finance Ministry
11/20/2009 6:53 AM ET
(RTTNews) -
Friday, Germany's Finance Ministry pointed out that the economy could grow at a slower pace in the fourth quarter, as uncertainty in the job market and income levels hit private spending. Moreover, the ministry pointed out that the strengthening of the euro could erode competitiveness of firms.
The German economy grew 0.7% sequentially in the third quarter, after a 0.4% growth in the previous quarter. The economy existed recession in the second quarter after contracting for four consecutive quarters.
by RTT Staff Writer
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