Germany Just Dodged A Recession. And That Means You Can Kiss Your Fiscal Stimulus Hopes Goodbye

Germany Just Dodged A Recession. And That Means You Can Kiss Your Fiscal Stimulus Hopes Goodbye

The good news is, Germany dodged a recession (again). That's also the bad news. The Germany economy expanded 0.1% in the third quarter, data out Thursday showed. That means that despite a heinous factory slump, Europe's growth engine skirted a technical downturn. Q2's contraction was revised to 0.2% from 0.1%. Consumers and government spending carried the economy last quarter, while exports rose and imports were largely unchanged. "Gross fixed capital formation in construction was up on the
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