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"German economic output could have decreased slightly in the third quarter of 2019," after contracting 0.1% in the spring, the Bundesbank said.
"The economy is limping towards the final quarter of the year, and, on its current trajectory, might not see any growth before the end of 2019."
Germany’s economy is flopping and the manufacturing sector just keeps declining — here’s why recession could be around the corner
The global economic slowdown has hit German manufacturing hard.
Germany’s economy just shrank, meaning Europe’s biggest economy is ‘teetering on the edge of recession’
Europe's biggest economy contracted due to weaker exports as the US-China trade war weighed on global sentiment.
"We're starting to fear a Q2 GDP crash in Germany," says Pantheon Macroeconomics.
While markets in Asia largely remain closed after the Chinese New Year, virtually all European stock markets have lost at least some ground Thursday.
Italy's output contracted 0.2% in the fourth quarter, on the heels of a 0.1% drop in the third quarter, the statistics agency Istat said on Thursday.
The survey in question was the Insee services-confidence poll. It showed a cliff-edge drop in expectations from France's non-manufacturing companies.
The Rhine is crucial for German industry because it provides an avenue for the distribution of raw materials to German manufacturers.
Germany may have avoided recession in Q4 by just 0.1% because the quarter was one day longer than the previous period
Germany is the fourth-largest economy on the planet and the largest in Europe. So any weakness is concerning.