German economy swells by just 0.1% in Q3
The data released by the Federal Statistics office shows that German economy grew by just 0.1% in the third quarter following increases of 0.4% recorded in the proceeding quarters. The weak result is attributed to the slump in exports. Germany's central bank has warned that the economy would slow down due to higher oil prices that affected economic activity worldwide. For the full year of 2004, the GDP (Gross Domestic Product) is expected to amount 1.8%.