Germany appears to be hovering close to a recession as the German government halved its 2019 growth projections to just 0.5% on Wednesday, though it still expects an economic rebound in 2020 of 1.5%.
The steep slowdown reflects the current nosedive in German exports which has had an adverse effect on an economy where one in five jobs depends on the export of manufactured goods. With Brexit and a trade dispute between China and the US both taking their toll on the markets, Germany’s economy is increasingly reliant on domestic demand to stay afloat. ...
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