In the early 2000s, the complaints were similar...We missed that underneath the surface many things were changing,” says Jens Ulbrich, chief economist at the Bundesbank, Germany’s central bank. Back then,

Germany's long-awaited economic recovery has been postponed once again, as the government cut its forecasts for this year amid trade tensions and growing domestic uncertainty over the upcoming election.

Pessimism is increasing in the German export industry at the start of the year, according to research conducted by the Munich-based ifo Institute. The monthly export expectations surveyed by the institute have deteriorated further this month,