November 14, 2019 / 1:13 PM / 2 months ago

German finance minister expects economy to grow more next year

German Finance Minister Olaf Scholz holds a news conference on tax revenues in Berlin, Germany, October 30, 2019. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Thursday he expected Europe’s largest economy to gain momentum next year after data published earlier in the day showed it expanded by 0.1% in the third quarter, avoiding a recession.

“We are cautiously optimistic. We will have bigger growth next year,” Scholz told a Bloomberg conference in Berlin, adding that while Germany was currently experiencing slower growth, it was not in an economic crisis.

Reporting by Christian Kraemer; Writing by Michael Nienaber; Editing by Michelle Martin

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