German Economy Ministry: German Q2 economic outlook subdued
|The German Economy Ministry published the latest report on the country’s economic outlook, highlighting a subdued outlook for the second quarter.
German economic outlook for Q2 subdued, after that, a gradual improvement in the external environment could help the economy.
German domestic economy remains intact but the export-oriented industry is in trough due in part to trade conflicts.
German private consumption is strong, helped by rising incomes; labor market showing first signs of a slowdown.
Noticeable decline in German industrial orders since the start of the year, weaker business climate point to continued weak phase in the sector.
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