No recession in Germany: the powerhouse economy managed to grow +0.1% in Q3, according to the preliminary release and didn’t suffer two consecutive quarters of economic squeeze. In addition, Q2 contraction was trimmed from -0.2% to -0.1%, so the actual number is actually quite good. Year over year, the economy grew 1.2%, better than 1% expected. EUR/USD is on the rise, reaching towards 1.2450. Analysis: Good news for Germany, bad news for Europe Consumer spending was behind this growth, while construction and equipment investment weighed back. Is this good news for the euro-zone and the euro? Or does this mean lack of incentive to do more and eventually negative? Germany enjoys some kind of growth, a surprising fall in unemployment and the country doesn’t care about lowflation. The rift between Germany and the rest could widen. Germany, Europe’s largest economy, was expected to report a growth rate of 0.1% in Q3. This kind of preliminary read would evade a technical recession, after Germany contracted by 0.2% in Q2. Year over year, a growth rate of 1% was expected after 0.8% last quarter. EUR/USD traded around 1.2430 towards the publication. Earlier, France reported a better than predicted growth rate of 0.3% in Q3, but this was marred by a downwards revision of Q2 data. We later have Italian GDP and the initial estimation for the whole 18 country euro-zone. More: EURUSD Price Squeeze – Looking to Catch Bearish Breakouts Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next German GDP Analysis: Good news for Germany, bad news for Yohay Elam 8 years No recession in Germany: the powerhouse economy managed to grow +0.1% in Q3, according to the preliminary release and didn't suffer two consecutive quarters of economic squeeze. In addition, Q2 contraction was trimmed from -0.2% to -0.1%, so the actual number is actually quite good. Year over year, the economy grew 1.2%, better than 1% expected. EUR/USD is on the rise, reaching towards 1.2450. Analysis: Good news for Germany, bad news for Europe Consumer spending was behind this growth, while construction and equipment investment weighed back. Is this good news for the euro-zone and the euro? Or does this mean… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.