Germany on brink of recession after narrowly avoiding one last winter
By Daily Mail City & Finance Reporter
Updated:
Slowdown: Gross domestic product in the German economy fell 0.1% in the third quarter
Germany is on the brink of recession having narrowly avoided one last winter.
Gross domestic product in Europe’s largest economy fell 0.1 per cent in the third quarter. Another quarter of decline would leave it in recession.
Germany avoided recession last winter but has been dubbed ‘the sick man of Europe’.
‘The German economy has become one of the growth laggards of the eurozone,’ said Carsten Brzeski, economist at ING.
Commerzbank expects the German economy to contract over the winter.
And Pantheon Macroeconomics chief eurozone economist Claus Vistesen added: ‘Germany’s economy is now firmly stuck in the mud.’
Share or comment on this article:
Germany on brink of recession after narrowly avoiding one last winter
Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.
Denial of responsibility! Yours Bulletin is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@yoursbulletin.com. The content will be deleted within 24 hours.
