The German economy escaped a recession in the third quarter as consumers, state ...
BERLIN - The German economy escaped a recession in the third quarter as consumers, state spending and construction drove a 0.1% quarterly expansion, defying expectations of another contraction in Europe’s largest economy, preliminary data showed on Thursday.
“The German economy got away with a black eye: the technical recession could be avoided,” Deka bank analyst Andreas Scheuerle said, but he added it was still too early to give the all-clear. The automobile sector, an important driver of overall growth, is also having trouble adjusting to stricter regulation following an emission cheating scandal and managing a broader shift away from combustion engines toward electric cars.
Exports edged up on the quarter while imports remained broadly flat, the office said, suggesting that net trade could have been a positive impulse on the economy as well.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
German automation talent powers Musk's battery move to EuropeTo unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk ...
Consulte Mais informação »
German economy narrowly avoids technical recessionThe German economy grew by 0.1 percent in the third quarter of 2019, narrowly avoiding a technical recession.
Consulte Mais informação »
Buyout groups risk pricey scrum in German liftsPrivate equity managers are teaming up to buy Thyssenkrupp’s elevator unit, worth maybe 17 bln euros. That smacks of the ill-fated club deals that epitomised the last buyout boom, although the target’s stable cash flows makes a blowup unlikely. The biggest risk is overpaying.
Consulte Mais informação »
Far-right German lawmaker ousted as committee head over anti-SemitismGerman lawmakers on Wednesday ousted a member of the far-right opposition Altern...
Consulte Mais informação »
German military refuses to take delivery of two Airbus A400M planesGermany's air force said on Wednesday it had decided not to accept delivery...
Consulte Mais informação »