Will Germany be Able to Bounce Back?
After a brief recovery in the previous two quarters, German GDP growth was back in negative territory in Q2 2019 – reflecting the broader economic slowdown in the Eurozone. We have highlighted for some time that the region has been close to recessionary levels, as shown by our Growth Nowcaster, dragged down by employment, consumption and production. The contraction in global trade hit Germany significantly as well. With so many headwinds and uncertainties, a Q3 recovery and a bounce back to positive economic growth may not be so easy.
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