Recession fears recede in Germany however international economic system nonetheless fragile – Channel3000.com – WISC-TV3


BERLIN – Europe’s largest economy narrowly avoided a recession in the third quarter, expanding by 0.1% over the previous three-month period.

Still, the outlook for Germany remains poor.

Here’s what Andrew Kenningham, chief Europe economist at Capital Economics, gleaned from the data:

“The trivial increase in GDP in Q3 means that Germany has narrowly averted a technical recession. But second-quarter GDP fell more than previously thought, and we think the economy will probably contract slightly next year — so a recession may have been postponed rather than avoided altogether,” he said.



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