BERLIN - The German economy is unlikely to slide into a prolonged recession even as it languishes in a weak growth cycle, the Economy Ministry said on Monday.
The technical recession expected in the third quarter will come after nine successive years of growth, fueled by an export boom mainly to China and more recently a consumption-driven cycle supported by low interest rates in the euro zone. Economists have voiced concern that the slowdown in manufacturing would sooner or later spread to other sectors of Europe’s biggest economy, whose robust labor market is starting to feel the effects of the drag.
Source: Financial Digest (financialdigest.net)
They need much younger population because there is almost no demand for cars, electric cars, electronic devices etc. from the elderly people. So thanks to the exportation of products, germany still no.1
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