Sat. Jan 16th, 2021

Germany avoids recession with surprise return to growth – business live

Rolling coverage of the latest economic and financial news, including German growth figures

12.38pm GMT

Here’s our news story on the UK retail sales slowdown:

Related: UK retail sales hit by surprise downturn despite big discounting

12.17pm GMT

Most advanced economies has now reported growth figures for the last quarter (although we’re still waiting for Canada!).

Germany, despite avoiding recession, is one of the weakest performers in July-September.

14 OECD countries have now reported GDP growth stats for Q3 2019. Lithuania still top (3.6%y/y). UK (1%y/y) 4th of the six G7 countries that have reported. Germany (0.5%y/y) & Italy (0.3%y/y) both below. US (2%y/y) out front with Canada left to report.

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