Germany's economic growth slows to 1.7% in Q3

GDP 1.1% below pre-pandemic quarter

2021-11-26 00:15:02


Germany's economic growth slowed in the third quarter of 2021, from the previous quarter, the Federal Statistical Office Destatis data showed on Thursday. 

Europe's largest economy saw its gross domestic product (GDP) rising by 1.7% in July-September, from the quarter before.

The German economy had grown by 2% in the second quarter, according to revised results based on most recent calculations, Destatis said.

The economy expanded by 2.5% in the third quarter, from the same period of last year.

The third-quarter GDP, however, is still 1.1% lower compared to the last three months of 2019, which was the quarter before the coronavirus pandemic started, it said.