国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Germany's GDP to decline by 0.3 pct in Q3: think tank

Source: Xinhua| 2018-11-03 05:49:45|Editor: Chengcheng
Video PlayerClose

BERLIN, Nov. 2 (Xinhua) -- The German think tank of the Kiel Institute for the World Economy (IfW) predicted on Friday that German economic output in the third quarter (Q3) of 2018 would decline by approximately 0.3 percent.

The IfW's calculations are based on a preliminary estimate recently published by the European statistical office Eurostat, which include unpublished data on Germany's gross domestic product (GDP). Official data of German GDP will be published by the Federal Statistical Office (Destasis) in mid-November.

According to the IfW, the decline in economic output in Germany was due to production losses in the automotive industry caused by the introduction of the new test standard for exhaust gases and consumption figures for cars -- the worldwide harmonized light-duty vehicles test procedure (WLTP).

"German manufacturers did not complete the new test procedure for all vehicle types in time and therefore had to reduce production in the third quarter," IfW stated. "In addition, transportation problems in inland shipping as a result of the low water levels of German rivers may have hampered production in other sectors of the economy, such as the chemical industry."

Already at the beginning of August, chemical giant BASF, among others, was forced to reduce production due to logistical problems caused by low water levels of the river Rhine. Water levels on Germany's most important waterway fell below the historic low of 2003 in October but are starting to rise again.

"Overall, the weak third quarter should be largely attributable to extraordinary effects and thus not allow any conclusions about the general economic situation," said Stefan Kooths, head of the IfW Forecasting Centre. "We therefore expect economic output to improve significantly in the final quarter of the year."

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001375777721
主站蜘蛛池模板: 连南| 潞西市| 佛坪县| 吉安市| 隆德县| 长泰县| 禹州市| 渑池县| 南乐县| 福贡县| 清水河县| 霍邱县| 荆门市| 盖州市| 西充县| 桦川县| 格尔木市| 遵义市| 武邑县| 仁化县| 巴马| 深州市| 湖北省| 彭州市| 博野县| 扬州市| 威远县| 上思县| 山丹县| 文水县| 嘉鱼县| 汨罗市| 冷水江市| 安陆市| 高清| 泸州市| 普兰店市| 泽普县| 信阳市| 左云县| 抚州市|