The gross domestic product fell from April to June by 0.1 percent quarter-on-quarter, as the Federal Statistical office announced on Wednesday, according to preliminary calculations.
the news Agency Reuters interviewed experts had expected a decline of 0.1 percent. The start of the year, Europe’s largest economy still grew by a strong 0.4 percent.
Shrinks the economy in the current summer quarter, again, experts speak of a “technical recession”. Two Negative quarters in a row, there was the turn of the year 2012/13. The danger of a recession, the Institute for macroeconomics and economic research (IMK) – puts the currently to 43 percent. “Germany’s economy is on the Brink,” said the scientific Director of IMK, Sebastian Dullien.
nevertheless, German Chancellor Angela Merkel sees no need for action by the government to stimulate growth. “I see currently no need for a stimulus package,” she said on Tuesday. The Federal government expects that in 2019, with economic growth of 0.5 percent. In 2018, it had given even to a Plus of 1.4 percent.