German economy grows 0.5% in third quarter
The German economy grew 0.5% in the third quarter on a seasonal and calendar-adjusted basis, continuing ``strong growth'' that began at the start of the year, the Federal Statistics Office reported on Tuesday.
The German economy shrank by 1.5 to 2 percent in the fourth quarter, official data showed yesterday, as the financial crisis and strong euro plunged Europe's powerhouse deeper into recession.