Comments by Germany's economy ministry
- This despite trade-related uncertainties
- Ifo sentiment survey suggests trade-related risks remain high
- Global trade tensions negatively impact demand for German exports, investment plans
GDP data earlier showed that Q2 growth improved relative to that of Q1 but then on an annual basis things have slowed a little.
As mentioned at the time, Q3 will be the litmus test for the German and Eurozone economies. Q1 was brushed aside due to "temporary" and "idiosyncratic" factors so Q2 was bound to show some improvement. Hence, Q3 is where the real test lies amidst global trade tensions weighing on German export demand.
