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German govt sees economy losing momentum in Q4
December 11, 2012 / 10:31 AM / 5 years ago

German govt sees economy losing momentum in Q4

BERLIN, Dec 11 (Reuters) - The German economy is likely to lose momentum in the fourth quarter of the year due to weakening investment, industrial output and exports, but leading indicators point to a recovery over the course of 2013, the Economy Ministry said on Tuesday.

“The difficult international, and above all European, landscape has acted as a brake on the German economy over the course of the year and further weakness is to be expected in the last quarter,” the ministry said in a statement.

“An improvement in the sentiment indicators could be a sign that the weak phase will be gradually overcome after the winter quarters,” the ministry added. (Writing by Noah Barkin)

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