Global Analysis from the European Perspective. Preparing for the world of tomorrow

German Exports Drag Economy to First Contraction Since 2015

Germany’s first economic contraction since 2015 was led by a drop in exports and private consumption, a trend that needs to be reversed if the Europe’s largest economy is to rebound before the end of the year. The 0.2 percent decline in the third quarter, matching the initial reading, has been blamed on a slump in the auto industry that the Bundesbank and government predict will be temporary. Source: Bloomberg

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