German Economy Shrank in Third Quarter Amid Recession Threat
- GDP fell by 0.1% from previous three months; est. -0.2%
- Higher consumption may lead to modest rebound next year
German output shrank in the third quarter — raising the risk that Europe’s largest economy is headed for a recession.
Gross domestic product fell 0.1% from the previous three months, less than the 0.2% drop economists expected, the statistics office reported Monday, citing a pullback in household spending.