- Prior +0.2%
- GDP (non-seasonally adjusted) +1.5% vs +1.8% y/y expected
- Prior +4.0%
- GDP (working day adjusted) +1.4% vs +1.7% y/y expected
- Prior +3.8%
German economic output slows to a standstill as the economy teeters on the brink of a recession. With a gas crunch looming, the situation in Q3 will not be as pretty for Europe's largest economy and that bodes ill for the regional outlook as a whole.
