for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
U.S. Markets

Germany has avoided recession, but growth is still weak: economy minister

German Economy Minister Peter Altmaier attends the weekly cabinet meeting in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - German Economy Minister Peter Altmaier said on Thursday that Europe’s largest economy had avoided a recession in the third quarter but warned that the economic development remained fragile.

“We do not have a technical recession, but the growth numbers are still too weak,” Economy Minister Peter Altmaier told ARD public television after the Federal Statistics Office reported a 0.1% economic expansion in the third quarter.

Reporting by Michael Nienaber; Editing by Michelle Martin

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up