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)
For more exciting information, please download the "Central Broadcasting Network" client in the application market. Welcome to provide news leads, 24-hour reporting hotline 400-800-0088; Consumers can also make complaints online through the "Woodpecker Consumer Complaint Platform" on China Central Radio and Television Network. Copyright Statement: The copyright of this article belongs to China Central Radio and Television Network, and cannot be reproduced without authorization. For reprinting, please contact: cnrbanquan@cnr.cn We will hold responsible for any behavior that does not respect originality.