Germany's economy is in a weak growth cycle

                                                                                    INQUIRY

      The German Ministry of Economy said Monday that the country's economy is unlikely to fall into a prolonged recession, even though it is in a weak growth cycle.
Germany's economy is expected to shrink slightly in the third quarter, the same as in the second quarter, as exports weaken due to uncertainties related to the planned brexit and trade conflicts in the UK.
Germany's economy is expected to experience a technical recession in the third quarter, which was sustained for nine consecutive years, thanks to a period of export boom, mainly exports to China, and the latest consumption-driven growth cycle supported by low interest rates in the eurozone.
"It is not expected that there will be a more serious economic slowdown or an obvious economic recession at present," the German Ministry of Economy said. "Export-oriented German manufacturing industry is facing a situation of weak global trade, stagnation of global manufacturing industry and declining demand for automobiles."
"The German economy is still stagnating," the Ministry added. "Economic activity is stuck at the current level."


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