Saudi, UAE businesses battle cash crunch despite anti-coronavirus stimulus    Tokyo Olympics rescheduled for July 23-Aug 2021: Organizing committee    Iran's coronavirus death toll reaches 2,757: Health official    Serie A hits back at Italy sports minister Spadafora over 'bubble' remark    Drop in China's new coronavirus cases; none in Wuhan for sixth day    Coronavirus to drive decline in home prices, more rent freezes in Dubai    Mourinho to take Tottenham training via video amid coronavirus lockdown    Egypt's defender Elmohamady proud of 10-year milestone in England    Facebook users add ‘Stay At Home' frame to profile photos    Egypt's FRA launches policies for micro-finance activity amid coronavirus    UK epidemic is slowing and antibody test could be ready in days, top epidemiologist says    Twitter removes 2 Bolsonaro tweets questioning coronavirus quarantine    Egypt's CBE exempts 5 transaction types from cash deposit, withdrawal limits    Egypt to extend closing mosques over coronavirus fears – minister    El-Tayeb urges Egyptians to stick to coronavirus preventative measures    Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF    Prosecution warns of EGP 300k fine or 2-year jail for spreading fake coronavirus news    Al-Sisi discusses joint coronavirus efforts with Abu Dhabi Crown Prince    Saudi Arabia intercepts missiles over Riyadh    Egypt's Central Bank exempts 5 transaction types from new cash deposit and withdrawal limits    Medevac plane explosion kills eight on takeoff from Philippine capital    Arkan Consultants designs New Plan Developments' NAC projects    Tatweer Misr to deliver 2,000 units in Fouka Bay, IL Monte Galala this year    Germany's Merkel shines in virus crisis even as power wanes    Lagging COVID-19 response to shield frail economy: Rouhani    Saudi Arabia shuts entry and exit into Jeddah, brings forward curfew - state news agency    Apple works with US House to release coronavirus app, website    California's houisng market unclear after new restrictions amid coronavirus    Farwell to Egyptian comedian George Sidhom    Weekend's virtual concerts, plays, and festivals people can stream at home    Egyptian comedy icon George Sidhom dies at 81    Shooting Egypt's Ramadan television series in the time of coronavirus    Egyptian court sentences five to death for vandalising gas pipeline, killing nine    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    Stay At Home: Ministry of Culture to publish free books online for public browsing    ‘We are here to boost the morale': Ahmed Zeidan, Egypt's ROOM Art Space& Café    IOC postpones Tokyo Olympics due to coronavirus pandemic    Playing for time    Water effects of the dam    What to watch to kill time in quarantine?    Japan PM Abe agree on delaying the Tokyo Olympics for one year    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Al-Sisi appreciates Kenya's support to Egypt's stance on GERD    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    Tom Hanks and wife Rita Wilson announced both test positive for coronavirus    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





German central bank suggests economy may be in recession
Published in Ahram Online on 19 - 08 - 2019

Germany's central bank has issued a gloomy economic report suggesting that growth in the summer continued to shrink, raising the possibility Europe's largest economy may be entering a recession.
A technical recession is defined as two consecutive quarters of negative growth, and Germany saw a 0.1% drop in the second quarter, from April to June.
In its monthly report Monday, the Bundesbank said with falling industrial production and orders, it appears that the slump likely continued through the summer.
It says ``the overall economic performance could decline slightly once again. Central to this is the ongoing downturn in industry.''
The Bundesbank says the trade conflict between the U.S. and China, Brexit and other issues have hampered Germany's export-dependent economy, though it's still expected to post growth over the full year.


Clic here to read the story from its source.