by ForexNewsNow Team on November 23rd, 2010

Germany GDP slows in third quarter, as expected

forex forecast - German economic morale data dueNEW YORK (Forex News Now) – Germany’s GDP slowed in the third quarter, data showed on Tuesday in one of the day’s major realtime forex news events.

As expected, the country’s gross domestic product gained 0.7% when adjusted for seasonal swings, official data showed, down from growth of 2.3% in the second quarter.

Analysts had expected the figure of 0.7% based on a Nov. 12 estimate, major online FX trading news outlets reported.

Exports and investment drove the economic growth, the data showed.

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