Germany to avoid recession, says bank

Growth in Germany, Europe’s biggest economy, will remain weak in the fourth quarter but there is no reason to fear a recession and there are signs that prospects for its vast industrial sector may be stabilising, the Bundesbank said.

Germany escaped a recession last quarter with a better-than-projected 0.1% quarterly expansion but the figure is likely to have indicated stabilisation and not a rebound as export-focused sectors continue to suffer.