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German economy reported of stagnation

Berlin, Oct 16 (Prensa Latina) The Bundesbank (German Central Bank) reported that the country's economy has stagnated during the third quarter of the year.

It believes that the German economy has not been able to emerge from the growth crisis it has been experiencing for two years in the last quarter.

These are the notes from the Bundesbank in its monthly report for October, published this Thursday, in which it emphasizes that the gross domestic product (GDP) will remain stagnant.

This estimate represents a slight downward revision compared to the September report, in which the Bundesbank considered a possible slight growth.

The reasons for the German bank’s pessimism are the weakness that German industry has shown for some time now in general, particularly the crisis in the automobile sector, and the trade policy of the United States and its president, Donald Trump.

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