Germany's economy recorded a 0.4% growth during the third quarter of the year, official statistics showed on Friday, slightly higher than a projected 0.3%.
Consumer confidence has also inched up, after a long period of decline, a Friday survey showed.
While some economists saw this as a sign the ongoing recession may not be as bad as initially expected, others warned it could be the calm before the storm.
GDP in the third quarter of 2021 grew by 1.8%.
A sharp increase in energy prices this year has taken its toll on the German economy, with inflation standing at a whopping 10.4% in October.
What do the latest figures say?
The Federal Statistical Office's latest figures say the recorded growth was primarily driven by private consumer spending.
"Overall, the German economy remains robust," the office said in a statement.
The forward-looking barometer of pollster GfK, meanwhile, registered on Friday a 1.7-point increase in consumer confidence for December, compared to November.
The survey added that November's gauge also slightly improved, after a historic drop in October.
Some economists predicted that the approaching downturn will not be as severe as initially expected.
Concerns for the economy persist
Others, however, continue to sound the alarm over the high inflation as a burden on companies and consumers' purchasing power. They also warned of the weak state of the global economy, bound to negatively impact Germany's export-heavy economy.
A European Commission forecast earlier this month predicted that the eurozone will slide into a recession in the winter, as inflation continues to rise.
The forecast expected Germany, Europe's largest economy, to be next year's worst performer with the country's economic output predicted to shrink by 0.6% over the next year, DW reports.
See all the news
All
Gold is shining in the new geopolitical world
JSC “Rustavi Azot” was sold
We Are Creating An Innovative Co-Working Space In Tbilisi - Sergi Gvarjaladze
The Rich Often Enjoy Tax Break - Deputy Minister
Israel Got Acquainted With The Business Tourism Potential Of Georgia
Kettari Foundation became a partner of DATAFEST this year
Tata Power’s CEO Pays Visit to BMG
NEQSOL Holding has won defamation case against Communications Commission
Trip.com says China hotel bookings are surpassing pre-pandemic levels
Europe's largest crypto exchange WhiteBIT has partnered with Netflix
Interview with Albert Park, ADB’s Chief Economist - By Elene Kvanchilashvili, Forbes Georgia Executive Editor in Chief
Interview with #EBRD President Odile Renaud-Basso by Giorgi Isakadze, Editor in Chief of Forbes Georgia
Investigation Service detained two persons of the fact of evading a particularly large amount of tax
This year, the VIII international literature festival Odesa will be held in Batumi
Georgian Commercial Banks Boost Business loan portfolio for large enterprises
High blueberry exports from Georgia In July
#ForbesTalks - ინტერვიუ გიორგი ჯახუტაშვილთან / 10.08.2022
#ბარი: საუბრები წარმატებაზე ბარში - გიორგი ქადაგიძე, რევაზ ვაშაკიძე და გიორგი ისაკაძე - VII გადაცემა / 06.08.2022
#BMGDRIVE:„ადამიანები ვისაც ემუშავები მალე იცვლებიან, თანამდებობებს ტოვებენ - ეს პრობლემაა“ - მევლუდ მელაძე
#საქმიანები: მაია კეზევაძის ნამდვილი იმერული ესკიზები