According to the latest report published by Germany’s economic institute DIW on Wednesday, Europe’s economic powerhouse is seen expanding 3% in the current quarter (Q3), as it recovers gradually from the coronavirus pandemic-induced previous slump. Key quotes “The signs are clearly pointing to a recovery.” “Despite the strong growth, it will probably take two years before the historic slump in spring is made up for.” This comes ahead of the German Preliminary Gross Domestic Product (GDP) report for the second quarter due on Thursday at 0800 GMT. The economy is seen contracting 9% QoQ in Q2 vs. -2.2% booked in Q1. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EOS Price Analysis: EOS/USD conquers $3.00, more upside ahead FX Street 3 years According to the latest report published by Germany’s economic institute DIW on Wednesday, Europe’s economic powerhouse is seen expanding 3% in the current quarter (Q3), as it recovers gradually from the coronavirus pandemic-induced previous slump. Key quotes “The signs are clearly pointing to a recovery.” “Despite the strong growth, it will probably take two years before the historic slump in spring is made up for.” This comes ahead of the German Preliminary Gross Domestic Product (GDP) report for the second quarter due on Thursday at 0800 GMT. The economy is seen contracting 9% QoQ in Q2 vs. -2.2% booked in Q1. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
