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Mustafa Kamel / Anatolia
The German economy contracted in the second quarter of 2019 compared with the previous quarter, as gross domestic product fell by 0.1%, according to official figures released Wednesday.
The German Federal Statistical Office said in a report that the decline in exports was the reason for the contraction in GDP, according to the press agency "Associated Press".
German GDP rose 0.4% in the first quarter of this year.
The German economy is under pressure due to declining car sales, which is the mainstay of the economy, in light of the recent carbon crisis that has hit the automotive giant "Volkswagen" , according to the same source.
The impact of the trade war between the United States and China on exports is also reflected, as is the uncertainty about the Brexit measures.
Carsten Brzezinski, an economist at the Deutsche Bank Group, said the latest figures on the economic slowdown "indicate the end of the golden decade of the German economy".
"Germany relies heavily on the export of disproportionate amounts of goods to China and the United States," he said, pointing out that the trade war between the two countries had heavily affected these exports. , in particular without a precise end.
The information published on the official Anatolian information page is an abbreviation of some of the information presented to subscribers via the Information Flow System (HAS). To register at the agency, please contact the following link.
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