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Business news LIVE: Global recession fears rise as German economy shrinks

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Business news LIVE: Global recession fears rise as German economy shrinks
Germany, the export powerhouse of Europe, shrank 0.1 per cent while output from China’s factories slumped to its worst performance in 17 years ( EPA )

Fears of a global recession are rising as new figures showed the German economy shrank in the second quarter amid concerns about a slowdown in China, trade wars and Brexit.

Germany, the export powerhouse of Europe, shrank 0.1 per cent while output from China’s factories slumped to its worst performance in 17 years.

A poll this week found that the number of fund managers predicting the global economy could enter contraction in the next year jumped to its highest since 2011. In the UK, eyes are on inflation data out today.

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Topic: #inflation
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