The Commerzbank AG logo sits on the bank's headquarters in Frankfurt, Germany. Europe's largest economy Germany expanded 0.1 percent in July-September period. /VCG Photo
The Commerzbank AG logo sits on the bank's headquarters in Frankfurt, Germany. Europe's largest economy Germany expanded 0.1 percent in July-September period. /VCG Photo
Europe's largest economy Germany expanded 0.1 percent in July-September period, official data showed Thursday, dodging a second quarterly contraction that would have spelled a technical recession.
While the inching growth beat forecasts of a slight third-quarter contraction, federal statistics authority Destatis added that the shrinkage seen in the previous three months had been faster than previously thought, as output fell 0.2 rather than 0.1 percent.
Source(s): AFP