You Can Read Between the Lines that Bundesbank is Worried
Bundesbank is trying to look optimistic, but the details show they are worried about the impact of coronavirus outbreak
Skerdian Meta•Monday, February 17, 2020•1 min read
The Bundesbank released its forecasts for the German economy earlier today. The headline comments seems optimistic, but the other comments further below show that they are worried about the coronavirus and the impact it might have on the German economy. Below is the report:
- Bundesbank says that it sees no fundamental change in the German economy for Q1
- Exporters likely to suffer from coronavirus outbreak in China
- The virus impact threatens to disrupt global supply chains
- It poses a ‘cyclical downside risk’ for Germany
- A temporary decline in overall Chinese demand could dampen German export activity
It is a bit of an interesting assessment as they continue to negate and brush aside the potential implications that the virus outbreak could have for now. They do suggest that exports will likely suffer as the impact of the virus might threaten the global supply chains.
If exporters suffer in Germany, the whole economy suffers, as we have seen in the last two years. We all know this virus will have a negative economic impact worldwide, so Germany will also be affected negatively. Now is the worst time economically for this virus to hit, but it didn’t really ask anyone, so we will have to deal with it.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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