There is an almost 60% chance that the German economy could fall into recession,...
BERLIN - There is an almost 60% chance that the German economy could fall into recession, according to a monthly index gauging the health of Europe’s largest economy published on Thursday by the Macroeconomic Policy Institute .
The German economy has weakened as its export-dependent manufacturing sector languishes in recession due to trade conflicts and uncertainty linked to Britain’s planned departure from the European Union which have stifled demand. “The hope that domestic demand could save Germany from a recession is fading increasingly,” said IMK’s Sebastian Dullien. “This increases the pressure on the European Central Bank to further loosen monetary policy.”
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