Article 6RVJE ‘Ray of hope’: German economy grows 0.2% ending recession fears

‘Ray of hope’: German economy grows 0.2% ending recession fears

by
Phillip Inman
from World news | The Guardian on (#6RVJE)

Third-quarter rise in GDP lifts eurozone growth to 0.4% as a result of increased household and government spending

Germany's economy grew in the three months to the end of September, ending fears that Europe's largest economy would slip back into recession.

Predictions that the German economy would shrink for a second consecutive quarter proved unfounded as gross domestic product increased by 0.2% in the third quarter after a 0.3% contraction in the previous quarter.

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