Germany. GDP: 3% in 2011, but probable fall in Q4”

Summary

Germany registered a growth of 3%, with strong domestic demand, while GDP growth in Q4 is expected to have turned negative. At the same time Germany saw its public finances improving, with a small deficit for 2011 (1%). For the Eurozone as a whole, we continue to forecast a fall of -0.2/-0.3% q/q at the end of the year, and after today’s revision of the Q3 figure, we now expect annual growth in 2011 to be 1.5% instead of 1.6%.

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