London CNN —
Germany escaped a recession in the third quarter, official data showed Wednesday, offering some relief to Europe’s biggest economy as its fortunes falter.
Gross domestic product rose 0.2% in the July-to-September period driven by an increase in government and household spending, following a 0.3% contraction in the three months prior, according to Germany’s Federal Statistical Office (Destatis). Destatis revised down GDP figures for the second quarter from -0.1% previously.
Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic. The outlook isn’t much brighter: the International
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