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Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshortsFRANKFURT - Germany's economy likely contracted in the third quarter, the Bundesbank said in a monthly report on Monday, amid declining industrial production, a shrinking construction sector and weakening consumption.
This likely made Germany one of the weakest performers in the 20-nation euro zone and its vast industrial sector, normally the motor of growth, has been a drag on the entire bloc all year. While employment remains strong, buffering the economy amid an extended period of weakness, the bank said it expected a slow uptick in the jobless rate towards the end of the year.
While interest rate hikes are likely over now, policymakers are preparing public opinion for rates to stay"high for longer", suggesting that any reversal is likely to be far into the future.
France Dernières Nouvelles, France Actualités
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