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World’s Fourth-Largest Economy Stuck In ‘Twilight Zone’
The world's fourth-largest economy remains stuck in the "Twilight Zone," as one bank put it Monday, when Germany reported GDP figures for Q3.
Output fell slightly versus Q2. The 0.1% drop was actually shallower than economists expected.
Still, the lackluster showing underscored the notion that Germany is mired in a so-called "slowcession" -- an interminable malaise characterized by a long-running factory slump and a tepid consumption impulse.
"Today’s numbers will do very little to hush the
“The statistics agency on Monday cited lower household spending”- this is not surprising to me, as I learned about the “Swabian” mindset (financial decisions made in a non-wasteful manner) directly from Germans who grew up in the Swabian culture, in which many Germans take great pride.