German Recession Avoided but UK Housing Market Slows as Inflation Eases Across Europe
- German GDP fell 0.1% in last quarter but winter recession avoided
- Around 680 Safestyle workers lose jobs after window firm enters administration
- UK mortgage approvals have fallen, as high interest rates hit demand
- Britain’s FTSE 100 has rebounded today, after hitting its lowest since August
- German inflation falls to 3.8% in October, the lowest since August 2021