By Daniel Hunter

Germany has narrowly escaped a third recession in six years after the economy grew by 0.1% in the third quarter of the year.

After a 0.1% contraction in the second quarter, another would have pushed the country into recession. That contraction was also revised up from 0.2%.

The German statistics agency said that consumer increased spending and there was an increase in exports.

Elsewhere, the French economy grew by 0.3% in the third quarter, beating the eurozone's largest economy for the first time in a long time.

It was France's strongest growth since the second quarter of 2013. And President Francois Hollande said it would help France to achieve annual growth of 0.4%.

Netherlands saw growth of 0.2%, below expectations of 0.5%. Statistic Netherlands said the recovery was fragile and the growth was driven by a slight increase in exports and business investment.

The Italian economy contracted by 0.1%, making it 13 quarters without growth. Following a 0.2% contraction in the second quarter, it means that Italy is back in recession.

The recession is over. It's time to grow!

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