It's not Just Deutschebank - The Whole German Economy Slumped into Recession -- Economic Collapse -- Stock Market Crash Germany's Federal Statistics Office announced recently that Germany's GDP contracted by 0.1% quarter-on-quarter in the April-to-June period. This has raised concerns that the country may be headed for a recession. Economists define a recession as two consecutive quarterly contractions. The German economy is on a knife-edge between a recession and small growth. Like Japan, Germany is famed for making automobiles and making that a large part of their overall economy, so when the demand for cars drops significantly, the whole German...
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