Bundesbank sees risk of recession in Q3
The Deutsche Bundesbank has warned Germany could slip into recession in the third quarter, after the latest figures showed growth turning slightly negative in Q2.
On August 14, the German statistics authority said the economy shrank 0.1% in Q2 relative to the previous quarter. Two days later, economists at the Bundesbank said in the latest monthly report that economic activity “could decline slightly again” in the third quarter. A recession is often defined as two consecutive quarters of
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