mild recession

Impact of Germany’s mild recession on Serbia’s economy: Risks and responses

Despite positive indicators in some sectors, the German economy is experiencing a mild recession at the start of the year. According to data from the German Statistical Office for July, GDP in the second quarter of this year was 0.1 percent lower than in the first quarter. This downturn follows a period of weak recovery and growth after Germany's recession at the end of 2023. Economists are concerned that the economic troubles in Germany could negatively affect Serbia, given the…