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Germany's economy may have already slumped into recession, its central bank says

11 monthes ago   |   By Business Insider

Germany's economy may have fallen into recession, the country's central bank said.
"Economic output could have decreased slightly in the third quarter of 2019," after contracting 0.1% in the three months to June, the Bundesbank said in its monthly report.
The bank said "the leading indicators currently show few signs of a sustained recovery in the export economy and stabilization in the industrial sector."
The German economy has been hammered by the trade war and Brexit, with exports slowing markedly.
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