The German economy could go into recession in the third quarter of the year due to the fall "of industrial production, which has been slowed by international trade tensions," the German central bank, the Bundesbank, announced in its report on Monday. monthly.
"The economy could contract again this summer," says the German bank. In the second quarter the economy already contracted 0.1%, so it is the second quarter in a year in which the GDP of the largest European economy decreases.
Germany touched the technical recession already in the second half of 2018, when the economy contracted 0.2% in the third quarter and the year closed flat. That the main European economy falls concern in the EU, given its influence in other countries.
To this we must add the political crisis in Italy, the uncertainty caused by Brexit and the commercial war between the US and China. One of the most affected sectors of the German economy has been the motor industry, the German star industry and affected by US tariffs. It is precisely the one that contracted the most in the first half, 12%.
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GDP contraction This will affect the Spanish economy the German prick