‘Ray of hope’: German economy grows 0.2% ending recession fears

Third-quarter rise in GDP lifts eurozone growth to 0.4% as a result of increased household and government spending

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Germany’s economy grew in the three months to the end of September, ending fears that Europe’s largest economy would slip back into recession.

Predictions that Germany’s economy would shrink for a second consecutive quarter proved to be unfounded as gross domestic product increased 0.2% in the third quarter, after a 0.3% contraction in the previous quarter.