[Ticker] Germany preparing for deep recession

Published: 19/08/2019
[Ticker] Germany preparing for deep recession
Source: EUOBSERVER.COM

The German government is working on a plan to contain a possible deep recession, according to Bloomberg. The plan contains fiscal stimuli to bolster the domestic economy and consumer spending in order to avoid a sharp increase in unemployment. On Monday, the German Central Bank warned of a coming recession as economic projections seemed to be much worse than predicted.

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