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German Economy Grows 0.3 Percent in Q3

A robust rise in domestic demand overshadowed weak exports to drive a 0.3 percent expansion in the German economy in the third quarter, giving the government ammunition in its showdown with Brussels over euro zone trade imbalances.

The European Commission is investigating Germany’s persistently high current account surplus amid criticism that it relies too heavily on exports, yet Friday’s breakdown showed that net trade deducted 0.4 percentage points from third-quarter growth.

via <a href=”http://www.reuters.com/article/2013/11/22/us-germany-economy-idUSBRE9AL09O20131122?feedType=RSS&feedName=businessNews”>Reuters</a>

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Alfonso Esparza

Alfonso Esparza [5]

Senior Currency Analyst at Market Pulse [6]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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