Germany May Avoid a Winter Recession With Early-Year Growth
- Europe’s top economy to expand 0.3% in 2023, institutes say
- War-induced energy crisis was expected to trigger a downturn
German factory orders rose for a third month.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Germany may have just dodged a recession by recording a small increase in output at the start of the year, according to the country’s top forecasters.
Europe’s biggest economy probably grew by 0.1% in the first quarter after shrinking by 0.4% in the previous three months, according to estimates by five institutes that advise the government.