August 23, 2019 / 10:30 AM / 4 months ago

German economy is not in recession, ministry says, after second quarter contraction

FILE PHOTO: A containership at a loading terminal is seen in the port of Hamburg, Germany, February 2, 2017. REUTERS/Fabian Bimmer

BERLIN (Reuters) - Germany is not in recession, a spokeswoman for the Economy Ministry said on Friday, after Europe’s largest economy contracted by 0.1% in the second quarter.

A technical recession is normally defined as at least two quarters of contraction in a row.

“We are not currently in a recession,” the spokeswoman told a news conference. “Now is the time to ensure growth via wise growth policies.”

Reporting by Michelle Martin and Tassilo Hummel, editing by Thomas Escritt

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below