GDP growth figures
published by Germany
today reveal the country has bounced back from the threat of recession. After shrinking by 0.2 percent in Q3 last year, the European economic powerhouse stagnated in Q4 with 0.0 percent growth on the previous quarter. A recession is defined as at least two consecutive quarters of contraction. Despite that close shave, the stalling of Germany's economy in 2018 represented the country's weakest rate of growth in five years.
The finger of blame at the time was pointed chiefly at Brexit uncertainty and ongoing global trade disputes as business confidence dropped for the fifth straight month in January 2019. Germany will now be hoping the latest growth of 0.4 percent is an indicator for the rest of the year, rather than a momentary leap back out of the red.