Money Minute Thursday 14 November: will Germany fall into recession?

In today's Money Minute we get GDP figures from the eurozone – with particular focus on whether Germany can avoid recession.

In this morning's Money Minute, we look to the third quarter GDP figure for the eurozone as a whole.Eurozone economic output is expected to have grown by around 0.2% for the three months to the end of September.

More closely watched, however, will be the German GDP data for the same quarter.Germany's GDP shrank by 0.1% in the second quarter. If it shrinks again in the third quarter, that would mean the German economy is technically in recession.

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That said, low interest rates mean that while German manufacturing is struggling, consumer demand is holding up well.So even if the country is in recession, it's very much down to a specific sector of the economy.

Later in the day, we get the latest weekly update on jobless claims from the US.Last week's report was better than expected. Despite concerns about a US slowdown, it doesn't seem to be showing up in the American dole queue as yet.




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