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Germany’s economic resilience is crumbling and it’s time for stimulus, say economists

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Germany’s economic resilience is crumbling, fueling fears of a recession and increasing pressure on the government to deliver a fiscal stimulus package.

Economic data released Wednesday revealed that the German economy shrank by 0.1% in the second quarter of 2019, having grown by 0.4% in the first quarter. Manufacturers and the construction sector bore the brunt of a global slowdown amplified domestically by trade conflicts and Brexit uncertainty.

The shrinkage in GDP (gross domestic product) growth marks the end of a decade of expansion for the German economy, which has grown by an average of 0.5% quarter-on-quarter every quarter since the end of the 2008/9 recession, expanding in 35 of…



Source cnbc.com

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