The German government expects the country's economy to "grow slightly" in 2019 despite the contraction in the second quarter, said German Deputy Government Spokesperson Ulrike Demmer at a federal press conference (BPK) in Berlin on Wednesday.
Demmer noted the decrease of the German economic performance in the second quarter of the current year; however, adding that the government expects the economy to "grow slightly" in 2019, which she said "would be the tenth year of growth in succession.''
She went on to say that "the government does not currently see any need for further measures to stabilise the economy," and that the government's fiscal policy "is already expansive."
Spokesperson Nina Marie Guettler also reiterated German Economy Minister Peter Altmaier's statement that "this is a wake-up call and a warning signal. We are in a weakened economy but not yet in a recession. This can be avoided, if we take the right steps.''