German Recession Seen Weighing on Europe in Next Week’s Data
- Shrinking GDP was probably outweighed by momentum elsewhere
- Euro-area inflation seen to have quickened slightly to 1.9%
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A shallow German recession weighing on the euro area and a mild pickup in the region’s inflation may draw attention in a bumper series of data releases next week across the region.
Gross domestic product in Europe’s biggest economy is predicted by forecasters to have shrunk by 0.1% in the third quarter, matching the result in the prior three months. While that would signify a recession, economists reckon stronger expansion elsewhere sustained a steady pace of growth in the currency zone, at 0.2%.