World News: 10:25 GMT Wednesday 11th September 2019. [Yahoo Business News Feed via SPi World News]
The German economy will slide into a recession in the current quarter, the Kiel Institute for the World Economy (IfW) said on Wednesday as it slashed its growth forecasts for Europe's biggest economy due to trade disputes and Brexit uncertainty. The IfW institute said it expected the German economy to shrink by 0.3% quarter-on-quarter in the third quarter after a 0.1% contraction in the previous quarter. It also cut its 2019 growth forecast for the German economy to 0.4% from 0.6% previously.
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