German economy ministry: Do not expect a bigger economic downturn or see a pronounced recession
|German economy ministry, in the monthly report released this Friday, said that they do not expect a bigger economic downturn or a pronounced recession but indicators don't point to an economic turnaround either.
Key points:
• Exports are moving sideways at the moment.
• Private consumption still providing noticeable support to the economy.
• Recovery in the industrial sector not in sight after a weak start to Q3.
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