Germany's Scholz: German growth to be stronger than forecast
|Germany’s Finance Minister Olaf Scholz said on Wednesday that he expects the German economic growth to be stronger than forecast this year.
"We have a reason for optimism, the upswing is underway," Scholz added but also noted that the impact of the pandemic will be felt well into next year.
Market reaction
These comments failed to help the market mood improve. As of writing, Germany's DAX Index was down 0.65% on a daily basis at 15,538. Meanwhile, the EUR/USD pair is staying flat on the day at 1.1940.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.