October 14, 2019 / 8:13 AM / 2 months ago

German economy stuck in weak phase, crisis unlikely - economy ministry

BERLIN, Oct 14 (Reuters) - There is no end in sight for the weak phase weighing on the German economy, the economy ministry said on Monday, adding that a pronounced recession was unlikely.

The ministry said in its monthly report that growth in services and construction was largely compensating for a recession in the export-dependent manufacturing sector.

“The German economy remains in stagnation,” the ministry said. “Economy activity is stuck at the existing level.”

Reporting by Joseph Nasr and Riham Alkoussa Editing by Thomas Seythal

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