Germany warns of possible recession, mulls stimulus | The Malaysian Insight

Chancellor Angela Merkel's government says things are not yet bad enough to warrant loosening the purse strings. – EPA pic, August 19, 2019.

THE German economy could enter a recession in the third quarter, the Bundesbank warned today, as the debate on government measures to support the economy swelled in Berlin. “The economy could contract again slightly” this summer, Germany’s central bank said in its monthly report, following a 0.1% decline in gross domestic product in the second quarter.

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