Dusseldorf Investors are withdrawing from the German stock market ahead of the US Federal Reserve’s meeting on Wednesday. The leading index Dax was one percent down at 15,734 points on Monday afternoon. This means he has given back more than half of his gains from Thursday and Friday.
The economic situation is once again proving to be a burden. According to the Bundesbank, the economic crisis in Germany is extending. “Economic output is expected to shrink slightly in the third quarter of 2023,” says the monthly report published on Monday.
This would mean that the growth-free phase of Europe’s largest economy would be extended again: gross domestic product had already shrunk at the end of 2022 and the beginning of 2023 before it stagnated in the spring. In August, the Bundesbank estimated that the economy would largely stagnate in the summer.
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