Report
German Q2 GDP contracts mildly – more weakness ahead
German second quarter GDP declined by 0.1% qoq after +0.4% in Q1. Although a detailed breakdown of demand components will be published only later, the statistical office stated that domestic demand contributed positively to growth in Q2, while net trade was a drag . Owing to external developments (trade war, Brexit) we should expect the German economy to weaken further in the remainder of this year.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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