Germany weakens in the second quarter

Thursday, 11/08/2016 | 11:31 GMT

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Germany's economy weakened during the second quarter amid losing momentum in growth, while having had a good performance in the first three months of 2016, the Economy Ministry highlighted today.

Germany's private consumption influences growth

The weaker construction and private consumption have also contributed to the weak growth and the slow pace financial performance in the nation.

Therefore, the external risks which the German economy is about to face require proper management.

In addition, the economy was also strongly influenced after the Brexit vote back in June this year.

Moreover, during the first quarter, Germany's economy appreciated by 0.7% and was mainly the outcome of governmental spending and the rise in private consumption.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/germany-weakens-in-the-second-quarter

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