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Inflation eases, GDP up
Germany’s annual inflation slowed to 2.8% in October, down from 3.3% in September and falling further than analysts had expected. Core inflation eased to 2.1%, while energy price increases moderated after fuel tax cuts began. In the third quarter, the economy grew by 0.2%, above forecasts of 0.1%, marking a fourth consecutive quarter of growth. However, analysts warned that the recovery still depends on government spending, while private investment remains weak and energy prices continue to put upward pressure on inflation.
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