Commentary: Germany just avoids technical recession
By Carsten Brzeski in Frankfurt
Germany narrowly escaped a technical recession at the end of 2018. Growth came in at zero, from minus 0.2% quarter-on-quarter in September. This performance was the result of too many one-offs, surfacing structural weaknesses and external uncertainties. However, it is not necessarily the end of a long positive cycle. Economic fundamentals remain solid and the chances of a gradual rebound are still much higher than those of another disappointment. The possibility of disquiet in the coalition government, however, raises fresh risks in 2019.
Read the full commentary on the website.
Ahead of the European Central Bank’s monetary policy decision on 7 March, Miroslav Singer, director for institutional affairs and chief economist of Generali and former governor the Czech National Bank, joins Marcin Stepan, head of programming at OMFIF, to discuss the economic outlook for Europe, tools at the ECB’s disposal and the future path for monetary policy.
Listen to the recording, or search for OMFIF on your smartphone’s podcast app.