By the skin of her teeth, Germany dodged a technical recession in the final quarter of 2018 with growth of zero per cent.
Germany may have narrowly avoided a recession but even so the latest GDP numbers are a big blow for Europe’s biggest economy, which grew last year at its slowest rate for five years.
As DekaBank economist, Andreas Scheuerle, remarked: “Germany got away with a black eye.” The country’s Federal Statistics Office, Destatis, reports that gross domestic product in the last three months of last year was zero compared to the third quarter, but down 0.6% on the same quarter of 2017.
