(ANSA-AP) - BERLIN, NOVEMBER 14 - Germany's gross domestic
product shrank in the third quarter of 2018, the first
quarter-on-quarter decline since early 2015, which analysts said
should be a wake-up call for Europe's largest economy. The
Federal Statistical Office reported Wednesday that GDP shrank by
0.2 percent in the third quarter, in figures adjusted for price,
seasonal and calendar variations, largely due to foreign trade
developments.
The office said exports were down and imports were up in the
third quarter, while there were mixed signals from domestic
demand. The drop followed increases of 0.5 percent in the second
quarter and 0.4 percent in the first. ING economist Carsten
Brzeski says signs point to a rebound, but that the data is
"another wake-up call that political stability and strong growth
are by no means a given." (ANSA-AP).
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