German growth slows to 0.2% in Q3

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German Economy Minister Philipp Roesler (L) and Chancellor Angela Merkel.  (Reuters) German Economy Minister Philipp Roesler (L) and Chancellor Angela Merkel. (Reuters)
SummaryThe German economy, Europe's largest, grew by 0.2 percent in the third quarter.

The German economy, Europe's largest, grew by 0.2 percent in the third quarter compared with the previous three-month period-- slowing a little further as the continent struggles with its persistent debt crisis.

The figure released Thursday by the Federal Statistical Office compares with growth of 0.3 percent in the second quarter and 0.5 percent in the first three months of this year. It's a bit better than the 0.1 percent growth that was widely expected.

Germany enjoyed robust growth over the past two years, but the debt crisis that has pushed several European countries into recession is hitting confidence as well as exports.

Third-quarter gross domestic product figures for the full 17-nation euro zone are due later Thursday.

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