‘German recession seems to be inevitable’

Bloomberg

Investors consider an economic recession in Germany inevitable, according to Sentix.
An index measuring current conditions and expectations for Europe’s largest economy fell to its lowest level in almost a decade, according to a survey. A similar gauge for the euro area dropped to lowest since 2014.
The data suggest that de-escalating tensions between the US and China at a Group of 20 meeting in Japan failed to inspire investors. Germany’s high dependence on exports and the Chinese market means ever greater uncertainty until the customs dispute is resolved.
While industrial production showed a monthly increase in May, performance is still down in annual terms. “Industrial data suggests that the German economy is running out of powerful growth engines,” said Carsten Brzeski, chief economist at ING Germany.