Comments by Germany's economy ministry on the earlier Q3 GDP report
- Economic upturn disrupted due to car industry's emissions problem
- Says that shaved up to 0.4% off Q3 GDP
- Problems are only temporary and these "special effects" have dissipated
- Indicators for manufacturing, trade environment and overall economy underlines expansion will continue in Q4
Well, we could very well see a rebound in Q4 but I highly doubt it will be a meaningful one. You can mask a lot of things with words when it comes to economic figures, but weak exports and foreign demand is not one of them.
