Germany Tumbles into Recession

23 October 2019

The Bundesbank has announced that the German economy contracted again in the 3rd quarter of the year.

Global trade tensions, disruption to the car industry and ongoing worries over Brexit are all taking their toll.

The Bundesbank added that there are few signs of a sustainable recovery in exports.

Whist the incoming head of European Central Bank, Christine Lagarde predicts that Brexit will cause damage across Europe, Britain is expected to grow faster than Germany, France and Italy in 2019 and 2020.

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