What if the oft-heralded recession does not come?
In any case, the economic indicators that fell at the start of the year show good resilience of the European economy.
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The continent's largest economy, Germany appears to have avoided contraction at this stage.
Its GDP would have stagnated in the fourth quarter, according to initial estimates from the statistical organization Destatis, bringing growth for the year 2022 to 1.9%, against 1.4% expected.
“We have managed to control this crisis… The winter slowdown will be more moderate and shorter than expected”,
welcomed the Minister of the Economy, Robert Habeck.
In the United Kingdom, which the Bank of England said had been in recession since the fall, GDP for the month of November, up 0.1%, could indicate the absence of a contraction in activity in the last quarter.
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Across the continent, eurozone industrial production rose 1% in November.
In France, it jumped 2.4% over one month while we were waiting…
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