Pound hits three-year high as inflation fears weigh on markets – business live

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We also have confirmation that Germany’s economy avoided a double-dip recession. German GDP grew by 0.3% in the final quarter of 2020, new official figures show, up from a previous estimate of 0.1% growth. Construction activity, industrial output and exports all helped Germany’s economy to grow in October-December, and avoid falling into contraction during the second lockdown last winter.\nBut....the current lockdown means Germany’s economy is likely to shrink in the current quarter.

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