The Federal Bank of Germany (Bundesbank) released a report on the 23rd stating that the decline in domestic consumption, weak foreign demand, and rising interest rates in Germany have led to a slowdown in the German economy during the summer. The September monthly report of the Federal Bank of Germany stated that "Germany's real gross domestic product (GDP) may shrink in the third quarter of 2023." In addition, the report also showed that as inflation decreases, a strong labor market and wage increases have brought driving force. However, consumers still maintain a cautious attitude towards consumption. (Taiwan Reporter Li Changhao)
(CCTV News Client)