Indicators
German Recession Delayed as Economy Unexpectedly Grows
- GDP expanded 0.3% in third quarter; median est. -0.2%
- Bundesbank predicts significant drop in output during winter
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German output unexpectedly grew in the third quarter, delaying a recession that analysts still expect on the back of soaring inflation and a war-induced energy crisis.
Europe’s largest economy expanded 0.3% from the previous three months, defying analyst estimates of a 0.2% contraction. Growth was driven primarily by private consumption, the statistics office said Friday.