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'Verdammt': Just when you thought the worst was over, Germany's economy moved dangerously close to falling 'over the edge' into recession

'Verdammt': Just when you thought the worst was over, Germany's economy moved dangerously close to falling 'over the edge' into recession
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Germany's economy avoided a recession at the end of 2018, and analysts expected to see improvement this year. But the picture likely got worse at the start of 2019, according to data released Friday.




The Ifo Institute for Economic Research's survey of sentiment in the German economy tanked to a four-year low in February.




It "held no good news" for the economy, with one analyst saying that Germany is now close to being pushed "over the edge."




"Verdammt," [goddammit] one analyst concluded.




You can see all of Business Insider's coverage of Germany's economic crisis here.



Germany may have narrowly avoided a technical recession at the end of 2018, but worst is likely yet to come for Europe's most powerful economy if data released on Friday is anything to go by.
The Ifo Institute for Economic Research on Friday released its latest data on sentiment in the German economy, and it was shockingly bad, hitting multi-year lows in the month after it was confirmed that Germany skirted a recession by just 0.2 percentage points. The Ifo sentiment index correlates closely to GDP growth.
Analysts had previously believed that Germany's weak performance in the last half of 2018 had been the combination of a large number of one-off factors, such as new diesel regulations for cars and the Rhine drying up after a hot summer. They had expressed hope that with those factors out of the way the economy would pick up again in 2019.
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