Bundesbank: Germany may have entered recession
Report says manufacturing output fell markedly in third quarter, despite domestic resilience
The German economy may already be in recession, according to the Deutsche Bundesbank’s latest monthly report, published on October 21.
“German economic output could have decreased slightly in the third quarter of 2019,” says the Bundesbank. “This is mainly due to the fact that the export-orientated industry continued to weaken.”
If confirmed, this would have taken Europe’s largest economy into technical recession, two consecutive quarters of negative growth. In the second quarter of the year
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