Germany avoids recession with surprise return to growth – business live
Rolling coverage of the latest economic and financial news, including German growth figures
- Latest: Eurozone grew by 0.2%
- Breaking: Germany grew by 0.1% in the last quarter
- Economists expected another contraction
- Consumer spending, government and exports lifted growth
- But Q2 GDP revised down to -0.2%
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. pic.twitter.com/oWdq2iRLMM
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