MEXICO CITY.- The warnings met their negative outlookOn Monday, the Central Bank of Germany (Bundesbank) issued warning bells, announcing that the slowdown had caused its economy to shift to recession period.
The Bundesbank stated that economic production in Germany was declining consecutively during the third quarter of 2019, due to the continued slowdown in the export-oriented industry.
The first indicators currently provide little sign of sustainable export recovery and industry stabilization, ”adds Bundesbank.
In addition, the central bank recognizes that this recession is beginning to have an impact on the rest of the economy, ensuring that it does not imply a global recession.
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No politician in history has said anything other than this when problems come. No one recognizes this, ”says José Luis Cárpatos, CEO of Serenity Markets.
"The first indicators currently provide several signs of sustainable export recovery and industry stabilization," the central bank says. "This increases the risk that the slowdown will spread to more nationally oriented sectors," the Financial Post reports.
Moody & # 39; s warned last week of the high risk of next year's global recession. "There is an uncomfortably high chance that the recession will affect the global economy in the next 12 or 18 months, and policymakers may not be able to reverse that course," Mark Zandi, chief economist at Moody & # 39; s Analytics, told CNBC.
With information from Investing.com