{"id":7053,"date":"2023-10-30T11:08:19","date_gmt":"2023-10-30T11:08:19","guid":{"rendered":"https:\/\/infundpros.com\/business\/europes-biggest-economy-shrank-in-the-third-quarter\/"},"modified":"2023-10-30T11:08:20","modified_gmt":"2023-10-30T11:08:20","slug":"europes-biggest-economy-shrank-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=7053","title":{"rendered":"Europe\u2019s biggest economy shrank in the third quarter"},"content":{"rendered":"
\n

\n Output in Germany fell in the third quarter, official data showed Monday, increasing the risk of a recession in Europe\u2019s biggest economy.\n <\/p>\n

\n Gross domestic product dropped 0.1% in the July-to-September period compared with the previous quarter, when it grew 0.1%, according to <\/strong>Germany\u2019s Federal Statistical Office (Destatis).\n <\/p>\n

\n A fall in consumer spending drove the decline. On the other hand, investment <\/strong>by companies into machinery and equipment made a positive contribution to GDP, Destatis said.\n <\/p>\n

\n The data bodes ill for the entire area that uses the euro <\/strong>because Germany is the largest of its 20 economies.\n <\/p>\n

\n \u201cGermany\u2019s economy is once again teetering on the brink of a technical recession,\u201d said Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics. A technical recession is defined as two consecutive quarters of declining output.\n <\/p>\n

\n \u2014 This is a developing story and will be updated.<\/em>\n <\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Output in Germany fell in the third quarter, official data showed Monday, increasing the risk of a recession in Europe\u2019s biggest economy….<\/p>\n","protected":false},"author":1,"featured_media":7054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-7053","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nEurope\u2019s biggest economy shrank in the third quarter | inFundPros<\/title>\n<meta name=\"description\" content=\"Output in Germany fell in the third quarter, official data showed Monday, increasing the risk of a recession in Europe\u2019s biggest economy. 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