Europe’s largest economy avoids second successive contraction in GDP
German chancellor Olaf Scholz meets a worker while visiting a production facility of Neapco in Dueren, Germany. Germany’s gross domestic product unexpectedly grew in the third quarter driven by government and household spending, skirting a recession amid fears that Europe’s biggest economy would contract for a second consecutive quarter.
Analysts polled by Reuters had forecast a 0.1 per cent quarter-on-quarter decrease in adjusted terms.
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