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Subscriber OnlyMarketsEconomicsExport Slump Pushes German Economy to the Brink of RecessionTrade subtracts 0.5 percentage point from total outputGDP contracted 0.1% in second quarter, matching estimatePhotographer: Krisztian Bocsi/BloombergByPiotr Skolimowski+FollowAugust 27, 2019, 6:09 AM UTCUpdated onAugust 27, 2019, 7:28 AM UTCTerms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. A collapse in exports pushed Europe’s largest economy to the brink of recession in the second quarter.