German Q3 GDP likely to grow at 0.4%

German Q2 GDP posted 0.4% quarter on quarter growth is likely to remain steady in Q3. Due to likely contraction in Greek economy and on going global economic crisis, German economy is likely to grow by 0.4% qoq in Q3, estimates Societe Generale

 Some forward-looking indicators  indicates the economy will post robust growth rate in near future. This may be due to improve in labor market, increase in wage rate with a low inflation rate, says SocGen.