A recession in Germany would likely trigger a global recession.
Germany is the world's fourth largest economy and a major exporter of goods and services.
A recession in Germany would lead to a decline in demand for goods and services from other countries,
which would in turn lead to a decline in economic activity in those countries.
The following are some of the ways in which a recession in Germany could trigger a global recession:
1. Decreased demand for goods and services from other countries.
2. Decreased investment and lending
3. Increased risk of financial contagion
The following are some of the things that can be done to mitigate the impact of a recession in Germany on the global economy:
1. Coordinated fiscal and monetary policy
2. Increased trade