German GDP Grows 0.1 Percent In Q3, Dodging Recession: Official Data

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German GDP grows 0.1 percent in Q3, dodging recession: official data

Europe's largest economy Germany expanded 0.1 percent in July-September, official data showed Thursday, dodging a second quarterly contraction that would have spelled a technical recession

Frankfurt am Main, (UrduPoint / Pakistan Point News - 14th Nov, 2019 ) :Europe's largest economy Germany expanded 0.1 percent in July-September, official data showed Thursday, dodging a second quarterly contraction that would have spelled a technical recession.

While the inching growth beat forecasts of a slight third-quarter contraction, Federal statistics authority Destatis added that the shrinkage seen in the previous three months had been faster than previously thought, as output fell 0.2 rather than 0.1 percent.

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