German economy not heading for pronounced recession – ministry

Euronews | Sep 13, 2019 at 11:04 AM
  • Europe’s largest economy is not facing a bigger downturn or a pronounced recession after contracting slightly in the second quarter but there are no signs of a turnaround yet either, the German Economy Ministry said on Friday.
  • Economists generally define a technical recession as at least two consecutive quarters of contraction.
  • The German economy has weakened as its export-dependent manufacturing sector languishes in recession, partly due to trade conflicts and uncertainty linked to Britain’s planned departure from the European Union.