YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Germany narrowly avoids recession

Posted online

Germany economy's avoided a technical recession in the third quarter.

The country's economy grew by 0.1% after a drop in the second quarter. Two consecutive periods of negative growth constitutes a technical recession.

“The truth of the matter is that Germany doesn’t have a robust growth perspective at the moment," said Daniela Schwarzer, director of the German Council on Foreign Relations. "There needs to be a strong investment in education, research and innovation, and Germany needs infrastructure investment as well.”

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Open for Business: Cafe Dhibs

Colleen and Ryan Sundlie launched a new Commercial Street venture next door to their Date Lady Inc. business; Citizens Memorial Hospital finalized the purchase of Stephens Pharmacy Inc.; and a retail gift and apparel shop primarily aimed at men, dubbed H.I.M., opened.

Most Read
SBJ.net Poll
How much are you spending on holiday gifts this year?

View results