Expect Weakness in German Economy in Q2 2019: Economy Ministry - Forex News by FX Leaders
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Expect Weakness in German Economy in Q2 2019: Economy Ministry

Posted Monday, July 15, 2019 by
Arslan Butt • 1 min read

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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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