Germany May Already Be in Mild Recession, Bundesbank Says
- Third-quarter GDP ‘could stagnate or decline slightly again’
- No broad-based, long-lasting slump expected, report says
A cafe terrace in Berlin.
Photographer: Krisztian Bocsi/BloombergGermany’s economy may already be in recession, but a severe economic slump looks unlikely as things stand, according to the Bundesbank.
Gross domestic product “could stagnate or decline slightly again” in the third quarter, after a surprise 0.1% contraction in the second, the central bank said Thursday in its monthly report. In August, it had expected a small increase between July and September.