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trump’s trade moves could send germany into a recession, report warns

trump’s trade moves could send germany into a recession, report warns News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



trump’s trade moves could send germany into a recession, report warns

a worker packs coils at german steel technology group salzgitter ag in march 2015. (tobias schwarz/afp/getty images)the risk of a recession in europe’s biggest economy rose significantly between march and april amid the fallout over president trump’s increasingly restrictive stance on global trade, researchers said monday. while economists with the german institute for macroeconomics and economic research (imk) only saw a 6.8 percent likelihood of a recession within the next three months back in march, they now believe that an imminent economic downturn is 32.4 percent likely.“president trump’s flirtation with protectionism is sending out shock waves that are not only affecting financial markets, but also the german economy,” said gustav horn, the research director of i...