According to the Economy Ministry, Germany looks all set to experience weakness in economic growth during Q2 over a slowdown in both the industrial as well as the services sector. Germany is one of the leading economies in the Eurozone, and any weakness it its economic performance can adversely affect the Eurozone economy overall.

In its monthly report published earlier today, the Economy Ministry stated, “After what is shaping up to be a subdued development in the second quarter, the forces of economic upswing could become more prominent again if the external environment settles.”

Ongoing trade tensions, Brexit, political uncertainties in the Eurozone and geopolitical tensions have been listed as the main drivers behind Germany’s weakening economic performance lately. The Bundesbank has also previously cautioned that German economic output could decline in Q2 2019.