Eurozone’s largest economy, Germany, is all set to reveal its GDP data for Q2 2019 later this week. Economists are expecting Germany’s economy to have contracted by 0.1% in Q2 of this year Q0Q, while the overall Euro area GDP is expected to have grown by 0.2% during this same period.

This data will be of special interest as it will offer clues on whether the European Central Bank will resort to easing of monetary policies when they meet in September. Markets are widely expecting the Eurozone economy to continue to under-perform in H2 2019 as well.

To make matters worse for the German economy, last week’s trade data revealed that exports had slowed 0.5% in H1 2019 compared to H2 2018, while imports climbed 0.3% higher for the same period. This has reduced Germany’s trade surplus from 122.4 billion euros to 109.9 billion euros.