German economy ministry: A pronounced recession is not expected

Haresh Menghani FXStreet

Germany's economy ministry, in its monthly report, said that indicators don't point to a turnaround but a pronounced recession is not expected.

Additional quotes:

The German economy is weighed down by global weakness.

Services, construction growth is largely compensating for a slowdown in manufacturing.

Drop in unemployment was surprising.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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