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00:00:00
Germany may have narrowly escaped a recession last year but looming at U. S. import tariffs and a no deal brexit are threatening to destabilize Europe's biggest economy writers Michael nine Arbor is in Berlin the economy is now heading towards a perfect storm some economists say , as U. S. president on a charm is mounting steep import tariffs on cars and Britain is sliding towards a possible no deal brexit which would mean saw the tape areas for German exporters both wrists together analysts say it could cause the German economy up to zero point seven percentage points of growth which towards probably throw the economy into a recession as of February Germany's annual inflation remains below the European central bank's target for a third consecutive month and concern is growing that the slowdown could go on for a while potentially dragging down the entire eurozone if the German economy %HESITATION so it's %HESITATION stagnate or even the %HESITATION fall into recession this would definitely put a question mark behind the European central banks %HESITATION planned exit from its loose monetary policy and it would probably push the date back when they used to be the is expected to raise interest rates nine like German chancellor Angela Merkel and her ministers are reportedly working behind the scenes to mitigate the impact should that double whammy of trump tariffs and the new deal Greg's it happened