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Germany: On the brink of recession
The German economy contracted in Q2 and the weak sentiment data suggest negative growth continued in Q3 as well, which would put the German economy in a recession. The outlook for the German economy is worrying. The German economy contracted by 0.1% q/q in the second quarter of 2019 and grew by only 0.4% compared to the same quarter of 2018 (in seasonally adjusted terms). The Q2 contraction of GDP followed an upside surprise of 0.4% q/q growth in Q1, so as a whole the economy still grew clearly in the first half of the year. We do not have full breakdown at this point, but the German statistical agency commented that ... (full story)