Germany's Altmaier: Economic development is still fragile despite avoiding technical recession

Author: Justin Low | Category: News

Altmaier says that German growth numbers are still too weak

Germany
  • Upwards trend has started but is progressing slowly
ForexLive
I wouldn't be so quick to say that an upwards trend has begun based on one quarter of "positive" economic growth. Not to burst his bubble full of sunshine but +0.1% q/q growth is essentially a stagnating economy.

As mentioned earlier, avoiding a recession (on paper) is great but unless the global economy and manufacturing sector starts to pick up, the outlook for Germany remains bleak.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose