Bundesbank’s experts: No cause for concern just yet - Bundesbank’s Monthly Report

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23 September 2019

Bundesbank’s experts: No cause for concern just yet - Bundesbank’s Monthly Report

Bundesbank’s experts do not believe that a potential contraction in GDP in two consecutive quarters represents cause for concern just yet
Only a slight decline in GDP is to be expected overall, even including the second quarter
Such a decline should currently be seen as part of a cyclical return to normality as the German economy emerges from a period of overheating
Experts see heightened geopolitical or trade tensions potentially extending or exacerbating the downturn, especially in German industry
It is still unclear whether industrial activity will recover before the downturn spills over to more domestically oriented economic sectors

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