Germany’s economy in reverse

Sales of Audi cars are down significantly on the same time last year

The German economy shrank for the first time in three years in the third quarter, a slowdown caused largely by bottlenecks in certifying new cars under tougher tests after the diesel emissions-cheating scandal. GDP contracted by 0.2 per cent over the summer, more than expected, according to the federal statistics office. It is a marked slowdown from growth of 0.4 per cent in the first quarter and 0.5 per cent in the second.

Peter Altmaier, the economy minister, told a conference organised by the Sueddeutsche Zeitung newspaper that the decline was "not a catastrophe" and predicted that GDP would rise in this quarter. He said that the contraction in GDP was a warning sign that any economic upturn was "fragile". An unusually hot and dry…

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