The German economic researcher DIW indicates the approach of a recession

By: Trademagazin Date: 2022. 07. 27. 11:15

The business cycle barometer of the German economic research institute DIW Berlin continued to deteriorate in July, suggesting a recession in the third quarter.

Recession may come in Germany

Based on the report sent to MTI on Wednesday, the economic barometer of the economic research institute DIW Berlin (Deutsches Institut für Wirtschaftsforschung) was 71.8 points in July. With this, it fell far below the 100-point threshold indicating the average economic growth rate for the third quarter.
The June value of the index was 93.8 points, and the entire second quarter was 92.5 points. (MTI)