Bundesbank warned in its monthly report that “the slowdown of the German economy will probably continue in the fourth quarter of 2019:. Though, it emphasized that “it is not likely to intensify markedly”. “As things currently stand, overall economic output could more or less stagnate.” And, “from today’s vantage point, there is no reason to fear that Germany will slide into recession”.
It also noted some tentative signs of stabilization in industrial demand. Meanwhile, domestic economy will continue to provide growth momentum. “Because the labor market is likely to remain fairly robust and wages are expected to grow considerably, households’ income prospects should remain favorable,” it added.
