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German economy expected to shrink slightly in Q3 – econ ministry

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© FILE PHOTO: The sun sets behind the skyline during a warm autumn evening in Frankfurt, Germany, October 1, 2023. REUTERS/Kai Pfaffenbach/File photo

BERLIN () – Germany’s economy is seen as shrinking slightly in the third quarter as the global economic slowdown, money tightening and energy prices slow its expected recovery, the economy ministry said in its monthly report on Friday.

A moderate recovery is likely to set in at the turn of the year based on the latest sentiment indicators, the ministry added.

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