Growth in Germany's third quarter was unexpectedly strong, helping the country stay "afloat"

Data released on Friday revealed that Germany avoided a recession in the third quarter thanks to unexpected growth, but indicators pointed to even greater inflation caused by the hard transition away from Russian energy in Europe's largest economy.

The federal statistics office reported that quarterly GDP rose by 0.3% as compared to the prior quarter. Reuters poll participants predicted a 0.2% drop.

With the ongoing COV....