German economy likely grew by 0.1 percent in fourth quarter, avoiding recession: IfW

Reuters

Published Jan 31, 2019 10:28AM ET

German economy likely grew by 0.1 percent in fourth quarter, avoiding recession: IfW

BERLIN (Reuters) - German output probably grew by around 0.1 percent in the fourth quarter, meaning that Europe's largest economy avoided a technical recession after contracting in the third quarter, the Kiel Institute for the World Economy (IfW) said on Thursday.

The German economy grew by 1.5 percent in 2018, the weakest rate in five years after expanding by 2.2 percent in 2017.