FRANKFURT AM MAIN: The German economy could enter a recession in the third quarter because of a "sharp" decline in industrial production held back by international trade tensions, the Bundesbank warned Monday.
"The economy could contract again slightly" this summer, Germany's central bank said in its monthly report, following a 0.1-percent decline in gross domestic product in the second quarter. "According to data currently available, industrial production is expected to shrink markedly in the current quarter as well."
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