GDP Slows in 3rd Quarter in Germany, Britain
- Share via
German and British economic growth slowed in the third quarter as soaring oil costs boosted companies’ costs. The reports from Europe’s two biggest economies indicate central bank interest rates may have peaked. Gross domestic product in Germany grew 0.5%, less than half the 1.1% pace of the previous three-month period, the Bundesbank said. The British economy expanded 0.7%, down from 0.9% in the second quarter, government figures showed. The European Central Bank increased interest rates seven times in a year in the euro region, which covers 11 countries including Germany, but not Britain.
*
Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section’s staff can be found at http://vinapk.com/bizstaff.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
