Winter recession fears for Germany

Winter recession fears for Germany
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Winter recession fears for Germany
Published: Dec, 07 2024 10:32

Summary at a Glance

Winter recession fears for Germany Germany was dealt a fresh blow yesterday as industrial production shrank in October, fuelling fears of a winter recession in Europe's biggest economy.

Best foot forward: Germany's economy grew overall by just 0.1 per cent in the third quarter, narrowly avoiding an official technical recession.

Germany's economy grew overall by just 0.1 per cent in the third quarter, narrowly avoiding an official technical recession.

Carsten Brzeski, global head of macro at ING Bank, said: 'This is a very weak start to the fourth quarter, increasing the risk of a winter recession in Germany.

Analysts had predicted a 1.2 per cent rise after a decline of 2 per cent in September.

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