Fears of recession in Germany ease as economy grows 1.9% in 2022

Fears that Germany could enter recession have eased after the federal statistical agency reported that the economy grew by 1.9 per cent in 2022 and was likely to have stagnated in the fourth quarter.

Data released by the agency suggested the boost delivered to private consumption by government fiscal support measures, combined with the lifting of pandemic-era lockdowns, had outweighed the economic fallout from the conflict in Ukraine.