On November 20, local time, the monthly economic report released by the German Bundesbank (Germany’s central bank) predicted that Germany’s GDP will fall slightly again in the fourth quarter of this year. Affected by weakening external demand and high energy prices, the German economy has shrunk or stagnated for three consecutive quarters since the fourth quarter of last year.

However, the German Bundesbank stated in this monthly report that market participants’ expectations for economic prosperity have stabilized, and they are optimistic that the German economy is expected to resume growth early next year.