German Economic Growth Cools as Q3 Begins

Germany's economy faced a loss of steam at the onset of the third quarter, according to a report released by the economy ministry on Monday. Officials noted that the surge in activity within energy-intensive sectors—previously bolstered by international demand linked to Middle East geopolitical tensions—is now beginning to wane. Furthermore, the ministry highlighted that elevated energy costs are exerting downward pressure on domestic private consumption, contributing to a broader deceleration in the nation's economic momentum.