FRANKFURT: Germany, Europe's biggest economy, narrowly escaped a new recession with minimal growth of 0.1 percent in the third quarter, official data showed on Friday.
German gross domestic product expanded by 0.1 percent in the period from July to September, after shrinking by 0.1 percent in the preceding three months, the federal statistics office said in a statement. Originally, the contraction in the second quarter had been reported as 0.2 percent. Recession is technically defined as two consecutive quarters of falling GDP.
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