德国第三季度经济增长停滞

Core Insights - Germany's GDP stagnated in the third quarter, remaining unchanged from the second quarter [1] - Key sectors such as automotive and chemicals are experiencing weak demand, impacting industrial performance [1] - The labor market shows some stability despite economic stagnation, with a slight decrease in unemployment [1] Economic Performance - The third quarter GDP was flat compared to the second quarter, which was revised to a 0.2% decline [1] - The first quarter saw a 0.3% growth [1] - Equipment investment continued to grow in the third quarter, but exports declined [1] Sector Analysis - Weak demand in critical industries like automotive and chemicals is putting pressure on the industrial sector [1] - High tariffs from the U.S. are suppressing exports [1] - Consumer spending remains cautious, and the construction sector is struggling to recover [1] Future Outlook - Economists predict only modest growth for Germany's economy in 2025, with a potential recovery in 2026 due to government infrastructure and defense investment plans [1] - The German government forecasts a 1.3% growth in 2026, while the IMF estimates a 0.9% growth [1] Labor Market - The unemployment rate decreased by 0.1% to 6.2% in October, with the number of unemployed individuals dropping to 2.911 million [1] - Year-on-year, unemployment increased by 120,000 [1]