German economy slows down

According to the Federal Statistical Office (destatis.de), Germany's gross domestic product (GDP) in the second quarter of 2019 was 0.1 percent lower than in the previous quarter after adjustment for price, seasonal and calendar effects.

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After the positive balance of the first few months, the German economy is weakening - above all due to fewer exports abroad. According to Tagesschau program via ARD1, Economics Minister Altmaier speaks of a "warning signal" - experts fear further setbacks.

For the Association of German Chambers of Industry and Commerce (DIHK), the decline is hardly surprising. After the good start to the year, German companies have now "arrived at the hard economic reality", said Managing Director Martin Wansleben to Tagesschau. He, does not currently expect a turnaround back to growth.

The German government, on the other hand, is sticking to its positive forecast: for the year as a whole, it expects economic growth of 0.5 percent. Last year, the gross domestic product increased by 1.4 percent.

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