Germany’s IFO: China's virus outbreak has not yet had any impact on German economy

Dhwani Mehta FXStreet

Following the release of the German IFO Business Survey, the institute’s Economist said that he expects German GDP to expand by 0.2% in Q1.

Additional Quotes:

Economy probably grew by 0.1 in Q4.

German industrial sector is slowly emerging from crisis.

Uncertainty has decreased in last 2-3 months, helped by Brexit clarity and settlement in US-China trade conflict.

Demand in industrial sector has increased, there is reason to be cautiously optimistic.

Iran crisis did not play big role in survey.

China's virus outbreak has not yet had any impact on German economy.

Expects German economy to expand by 0.2% in q1, economy probably grew by 0.1 in Q4.

EUR/USD prints YTD lows near 1.1015 post-IFO

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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