The German economy showed modest growth in the fourth quarter of the year, following a dip in the summer, the Berlin-based DIW economic research institute said on Thursday.
Gross domestic product (GDP) for the quarter would come in at least 0.3 per cent higher than in the third quarter, with growth for the full year estimated at 1.5 per cent, the DIW said.
"While this is a smaller rise in economic output than expected at the beginning of the year, it should be seen as a normalization following years of above-average growth," DIW economist Claus Michelsen said.
"Worries about a recession are exaggerated," Michelsen said. Recessions are defined as a decline in output over two quarters.
German third-quarter growth was held back by problems in the automotive sector. GDP fell 0.2 per cent by comparison with the previous quarter.
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