Oddbean

German Economy Avoids Recession In Q3 ========== The German economy grew 0.2% in Q3 2024, avoiding a technical recession; Destatis revised Q2 GDP decline to 0.3% from 0.1%; yearly GDP expanded 0.2%, reversing Q2's 0.3% decline; unemployment rate remained at 6.1% in October, with 27,000 more unemployed; Federal Employment Agency chairwoman Andrea Nahles noted a lack of autumn recovery in the labor market; government forecasts a 0.2% contraction for 2024; IMF predicts stagnation in 2024 and 0.8% growth in 2025; France's GDP grew 0.4% and Spain's 0.8%, while Italy stagnated. #GermanEconomy #GdpGrowth #Unemployment #EconomicForecasts #Q32024 #Destatis #Imf #France #Spain #Italy https://www.rttnews.com/3485717/german-economy-avoids-recession-in-q3.aspx?type=gleco