"Although a technical recession was avoided, the German economy remains barely larger than it was at the start of the pandemic," Carsten Brzeski, ING Bank's global head of macro, said in a note.
"The autumn upturn in the labor market has largely failed to materialize this year," said Andreas Nahles, the chairwoman of the agency, regarding the stability of unemployment rates.
Other German economic data released this week does little to lift spirits. Inflation hit 2.4% year-on-year, well ahead of the 1.8% recorded last month and also clear of the 2.1% rise forecast by analysts.
It means Germany avoids slipping into recession, typically defined as two successive quarters of contraction, following a drop in the second quarter.
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