German economy grows strongly in third quarter


Buildings in the banking district are surrounded by fog in Frankfurt, Germany, Sunday, November 13, 2022. (AP Photo/Michael Probst, File)
Containers are stacked at the port in Hamburg, Germany, on October 26, 2022. (AP Photo/Michael Probst, File)

BERLIN (AP) — The German economy grew stronger than expected in the third quarter as consumer spending picked up after pandemic restrictions were lifted.

Gross domestic product in Europe’s largest economy expanded 0.4% from July to September, 0.1 percentage point higher than previously forecast, official data showed on Friday.

GDP is a widely used measure of a country’s production of goods and services, but critics say it tells only one part of how an economy is doing. The Paris-based Organization for Economic Co-operation and Development acknowledged that gross domestic product “is not an adequate measure of people’s material well-being and that alternative indicators may be more appropriate”.

Gross domestic product is expected to fall in the final months of this year and the first three months of next year.

The OECD predicts that global economic growth will slow next year due to the fallout from Russia’s war in Ukraine.

7 Overhyped Penny Stocks to Sell Right Now

A question investors often ask is “When do I sell a stock?” This question can be difficult to answer when a stock is rising, but it can be just as tricky when it is falling. Even more so when it comes to penny stocks.

Many investors who buy penny stocks know they are speculating. This means they are willing to hold stocks even when fundamental and technical trends are working against them. However, depending on your position, sometimes it is better to sell some stock, even if you have to take the loss and try again another day.

Penny stocks are generally considered to be stocks that trade for less than a dollar (or 1 cent). But in recent years, that definition has been broadened to include all stocks trading below $5. This is the definition used in this particular demonstration.

We’re taking a look at the seven penny stocks investors should be selling right now. Each has market forces that indicate that the share price still has room to fall. This means selling today can help you get a better price in the future.

Check out the stock here.

Information source: Compiled by 0x Information from LETKNOW, the copyright belongs to the author, and shall not be reproduced without permission

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