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German GDP grew 0.1% in Q3, avoided technical recession

Germany GDP grew 0.1% qoq in Q3, beat expectation of -0.1% qoq. Returning to growth suggests that the Eurozone’s largest economy had avoided a technical recession. Over the year, GDP grew 0.5% yoy, price and calendar adjusted. Economy Minister Peter Altmaier  said “we do not have a technical recession, but the growth numbers are still too weak.”

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