The German economy skirted a recession at the start of the year, growing more than expected thanks to the construction sector and exports, preliminary data showed on Tuesday. "Instead of an upturn, only narrow-gauge growth is in sight," said Alexander Krueger, chief economist at Hauck Aufhaeuser Lampe Privatbank. The statistics office revised the data for the last quarter of last year to show a 0.5% contraction, rather than the fall of 0.3% that was previously reported.
German economy skirts recession in first quarter
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German Unemployment Rises More Than Expected, Labour Office Says
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The number of people out of work in Germany rose more than expected in April, Federal Labour Office figures showed on Tuesday. The office said the number of unemployed grew by 10,000. -April 30, 2024 at 04:02 am EDT
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