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