German economy grew less than expected in Q3, statistics office says
- The German economy grew by only 0.1% in the third quarter of 2024, lower than the preliminary estimate of 0.2%, according to the Federal Statistical Office.
- Germany has narrowly avoided recession this year, which is defined as two consecutive quarters of shrinkage.
- Economists are hopeful that lower inflation and slight wage increases will boost consumer spending in the final quarter.
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Coverage Details
Total News Sources0
Leaning Left8Leaning Right2Center7Last UpdatedBias Distribution47% Left
Bias Distribution
- 47% of the sources lean Left
47% Left
L 47%
C 41%
12%
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