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Germany's central bank announces the country's economy will be stagnant in the third quarter, due to high

energy prices and rising borrowing costs.

Published August 21, 2023· Updated October 28, 2026·1 min read
Wikimedia Commons — Public domain — by United States Federal Reserve Bank
Image: Wikimedia Commons — Public domain — by United States Federal Reserve Bank. Images shown are not owned by Orubus, Oseen or any of its related companies — all rights remain with the stated owners and licensors.

Context: 2021–2023 inflation surge.

Germany's central bank announces the country's economy will be stagnant in the third quarter, due to high energy prices and rising borrowing costs.

Event summary via Wikipedia Current Events (2023-08-21).

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