Stalled German growth data will sharpen focus on ECB rate move

Russia sanctions effect 40 per cent dip in container traffic out of ports

Shipping traffic is down. Pic: Pixabay

German economic growth slowed in the third quarter as companies battled the Greek crisis and a China-led slowdown in emerging markets.

Gross domestic product in Europe’s largest economy rose a seasonally-adjusted 0.3 per cent to September, after increasing 0.4 per cent in the previous quarter.

The data will provide ECB President Mario Draghi with more visibility heading into December’s monetary policy meeting.

The central banker has signalled additional stimulus is in the pipeline, ...