Bundesbank says that it sees no fundamental change in the German economy for Q1

Author: Justin Low | Category: Central Banks

But warns that the coronavirus outbreak impact is likely to hit German exporters in its monthly report

  • German 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 damp 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.

I wouldn't be so sure to underplay those risks but then again, the role of central banks these days have shifted towards pacifying the market more than anything else.

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