German economy to show another mild decline in Q3 - economy ministry

• Another mild decline in GDP is expected for Q3
• But momentum expected to return at the end of the year
• For now, no noticeable momentum in foreign trade in the coming months at least

They are expecting a "moderate recovery" at the turn of the year but only time will tell. But if inflation proves to be more sticky and consumption demand remains weak, it's tough to imagine any material rebound in the German economy heading into next year.