Mon. Sep 28th, 2020

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. pic.twitter.com/oWdq2iRLMM

Continue reading…Rolling coverage of the latest economic and financial news, including German growth figuresLatest: Eurozone grew by 0.2%Breaking: Germany grew by 0.1% in the last quarterEconomists expected another contractionConsumer spending, government and exports lifted growthBut Q2 GDP revised down to -0.2% 12.38pm GMTHere’s our news story on the UK retail sales slowdown: Related: UK retail sales hit by surprise downturn despite big discounting 12.17pm GMTMost 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 Continue reading…

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