Germany avoids recession with 0% growth in last quarter | Business News

The German economy has narrowly missed tumbling into recession but recorded output growth of just 0.02% in the final quarter of 2018.

In preliminary figures, which could yet be revised, the country’s statistics agency said construction and business spending helped Europe’s largest economy avoid two consecutive quarters of negative GDP growth – a technical recession.

Output in the previous three months – July to September – had been measured at -0.2% as demand in Germany’s export-led economy tumbled amid the world economic slowdown linked to China’s trade war with the US.

More follows…

Leave A Reply

Your email address will not be published.