Germany’s powerhouse hit by Covid fourth wave as UK economy booms

germanys powerhouse hit by covid fourth wave as uk economy booms

Sumary of Germany’s powerhouse hit by Covid fourth wave as UK economy booms:

  • The EU’s largest economy grew by just 1.7 per cent in July to September – missing initial estimates of 1.8 per cent, according to its federal statistics body Destatis, and pointing to a tough year ahead for the new government led by Olaf Scholz.
  • In another sign of the gloom in Germany, consumer confidence tumbled in November as households grew worried about rising Covid cases and soaring inflation.
  • And British shoppers’ confidence crept up in November, according to data analyst GfK which said the optimism from consumers was ‘good news for retailers in the run-up to Black Friday and Christmas’.
  • In Germany, however, GfK’s figures showed households’ confidence was tumbling.

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