Shrinking German economy ‘on edge of recession’ as exports stutter

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Shrinking German economy ‘on edge of recession’...
 © CyprusMail 2019
Slumping exports sent Germany’s economy into reverse in the second quarter, with prospects of an early recovery slim as its manufacturers struggle at the sharp end of a global slowdown amplified by tariff conflicts and fallout from Brexit.

Overall output fell 0.1% quarter-on-quarter, data showed on Wednesday and, with pressure growing for the government to provide stimulus through fiscal reforms, the economy minister said action was needed to prevent a second consecutive quarter of contraction that would tip the country into recession.

The...


This article was automatically added to our system 14-8-2019

Shrinking German economy ‘on edge of recession’ as exports stutter


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Article Tags: shrinking, german, economy, recession, exports, stutter,