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International Business Times
International Business Times
Business
Michelle FITZPATRICK

Industrial Slump Leaves Germany On Brink Of Recession

Germany Recession Christian Lindner Economy Volkswagen Europe BDI Inflation
News that Volkswagen plans to close at least three factories in Germany and slash tens of thousands of jobs has added to the country's economic woes (Credit: AFP)

German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe's largest economy into recession.

Federal statistics agency Destatis will unveil its quarterly GDP estimate at 10am (0900 GMT).

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