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    German Preliminary GDP prints -0.3% QoQ in Q4, as expected

    Source Fxstreet
    Jan 30, 2024 09:03
    • German GDP arrives at -0.3% QoQ in Q4 vs. -0.3% forecast.
    • Annual German GDP drops 0.2% in Q4 vs. -0.2% estimate.
    • EUR/USD pays little heed to the German Q4 GDP report.

    The German economy entered a technical recession, shrinking 0.3% over the quarter in the final quarter of 2023, as against the -0.1% recorded in Q3, according to the preliminary data published by Destatis on Tuesday.

    developing story, please refresh the page. 

    About German Preliminary GDP

    The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of German economic activity and health. A high reading or a better-than-expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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    Canada GDP Preview: Forecasts from five major banks, rebound in activityStatistics Canada will release Gross Domestic Product (GDP) data on Thursday, February 29 at 13:30 GMT as we get closer to the release time, here are forecasts from economists and researchers of five major banks regarding the upcoming growth data.
    Source  Fxstreet
    Statistics Canada will release Gross Domestic Product (GDP) data on Thursday, February 29 at 13:30 GMT as we get closer to the release time, here are forecasts from economists and researchers of five major banks regarding the upcoming growth data.
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    Australia's Chalmers: Global soft landing not assuredTreasurer of Australia Jom Edward Chalmers hit newswires early Thursday, noting that the assumed baseline of a global soft landing isn't a guarantee.
    Source  Fxstreet
    Treasurer of Australia Jom Edward Chalmers hit newswires early Thursday, noting that the assumed baseline of a global soft landing isn't a guarantee.
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    Stock Market Today: Gift Nifty futures point to a negative start for Nifty and Sensex on TuesdayThe Sensex 30 and Nifty 50, India’s key benchmark indices, are set to open mixed to lower on Tuesday, following Monday’s nearly 0.50% decline.
    Source  Fxstreet
    The Sensex 30 and Nifty 50, India’s key benchmark indices, are set to open mixed to lower on Tuesday, following Monday’s nearly 0.50% decline.
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