Economics

German Chancellery Also Sees Mild Recession, Spiegel Reports

Customers sit on a cafe terrace near the Brandenburg Gate in Berlin.Photographer: Krisztian Bocsi/Bloomberg

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By Raymond Colitt

August 23, 2019 at 4:00 PM UTC

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The German Chancellery now also expects Europe’s largest economy to slip into a mild recession in the third quarter, news magazine Der Spiegel reports on Friday.