German may experience recession, Sentix survey shows

  • by Ofeed Team
  • July 8, 2019, 18:6 AM
  • 78 Views
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Sentix Economic outlook for six months for euro zone showed that investors believe that the economic recession in Germany is inevitable.

According to the survey, Europe's largest economy has dropped to its lowest level in nearly a decade, while the same gauge in the 19-nation region has fallen to its lowest level since 2014.

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The survey attributed the predicted relapse into recession to Germany's great dependence on exports and the Chinese market. That meant more uncertainty until the trade dispute is resolved.

The data indicated that mounting tensions between the United States and China at the G20 meeting in Japan last month failed to inspire investors.

Data released on Monday showed that Germany’s industrial production rose 0.3 percent, following a sharp fall of 2 percent in April. That was below analysts’’ forecasts of 0.4 percent surge, while the annual reading registered a 3.7 percent plummet.

Meanwhile, the euro traded lower at $1.1216, hovering near its lowest level in two weeks recorded on Friday at $1.1207.

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