Expectations about the German economy improved slightly in September, according to a survey by market researcher ZEW. Whereas investors' confidence about the future of the German economy fell to a low of -44.1 points in August, the index recovered slightly to -22.5 points in September.
The German economy has been going through tough times for a long time. Our eastern neighbors are feeling the effects of the slowdown in the Chinese economy, partly due to the trade war with the United States. The uncertainty surrounding the Brexit also defies Germany's economy.
Due to the slowing economy, there is a chance that Germany will end up in a recession in the third quarter. In the second quarter, the German economy contracted by 0.1 percent and the German central bank warned last month for a new contraction in the third quarter. There is a recession in two quarters with economic contraction in a row.
Despite the slight recovery in investor confidence about the future of the German economy, Germans were still gloomy about the current status of the German economy. This sentiment index fell by 6.4 points to 19.9 points; the lowest point in nine years.
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