In its monthly economic report, the German central bank, Bundesbank (Buba), showed the German economic growth may have stalled in the third quarter.
Key Highlights:
Fundamental conditions are in place for growth rebound in Q4 after weak Q3.
The economic upswing in Germany is still fundamentally intact.
Slowdown largely due to difficulties in adapting to new emission-test procedures in the auto industry resulting in “deep marks” on industrial production.
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