Germany might have a recession in 2019. Commerzbank Chief Economist Joerg Kraemer and Kiel Institute economist Jens Boysen-Hogrefe agreed that while there is more pain to come for Germany’s manufacturing sector, the nation’s current construction boom would inhibit any government stimulus program.

Germany’s second-quarter German GDP was negative and the third quarter we might see a slight decline in GDP. Two negative GDP growth quarter meets the definition of a recession.

The UK also had -0.2% GDP growth in the second quarter.