After narrowly swerving recession at the end of 2018, Germany's economy grew by 0.4 percent in the first three months of 2019 compared to the previous quarter, though experts signalled the country is not yet out of the danger zone.
Strong private consumer spending and a booming construction industry saw Europe's largest economy grow again, the Federal Statistical Office said on Wednesday based on provisional data, after gross domestic product (GDP) shrank in the third quarter and stagnated in the final quarter of 2018.
The German government and leading economic institutes scaled back their 2019 growth forecasts earlier this year. Berlin currently anticipates an increase of 0.5 per cent in the country's GDP this year, revised down from 1 per cent.
A decline of 0.2 per cent in the third quarter of 2018 was followed by stagnation in the final months, meaning that Germany managed by the skin of its teeth to avoid a technical recession, defined as two consecutive quarters of negative economic figures.
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