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Economics

Germany, UK Defying Forecasts May Skirt Recessions for Now

  • Europe’s two biggest economies show unexpected resilience
  • Aid from Scholz and Sunak governments stoked consumer demand
Shoppers in a retail street in Frankfurt, Germany.

Shoppers in a retail street in Frankfurt, Germany.

Photographer: Ben Kilb/Bloomberg
Updated on

Europe’s two biggest economies may have succeeded in skirting a recession in the fourth quarter, defying downbeat expectations and offering hope of similar feats throughout the advanced world.

Consumer-fueled momentum buoyed both Germany and the UK, according to official estimates of gross domestic product released Friday.