German Economy To Enter Recession This Quarter As Trump ‘Poisons’ Investment: IfW

German Economy To Enter Recession This Quarter As Trump ‘Poisons’ Investment: IfW

Germany will fall into a technical recession this quarter, IfW Institute said Wednesday, projecting the economy will shrink 0.3% in Q3 on the heels of the 0.1% contraction in the second quarter. "The German economy is facing one of the weakest years since the financial crisis", the institute said, citing "political uncertainty caused by trade conflicts and the Brexit crisis [and] cyclical factors due to the previous long upswing". "Germany thus formally meets the definition of a ‘technical r
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