German economy stagnates as eurozone growth hits seven-year low – business live

Rolling coverage of the latest economic and financial news, including the latest eurozone growth figures

  • Latest: Eurozone growth weakens to 0.1%
  • Breaking: German GDP flatlined in October-December
  • German economy only grew 0.6% in 2019
  • ING: Germany at risk of recession

Andrew Kenningham of Capital Economics has told clients:

“We think the economy will continue to flirt with recession in the first half of this year.”

It’s hard to put too much gloss on a stagnating economy, but the German government has tried to strike an optimistic-ish tone this morning.

Berlin’s economy ministry says Germany’s economy is going through a weak phase, but it’s encouraged that business sentiment has improved.

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Source : German economy stagnates as eurozone growth hits seven-year low – business live