LGIM: Reactie op krimp Duitse economie
Door Hetal Mehta, Senior European Economist
“The slight fall in German GDP with net trade likely to have been a drag is confirmation that the manufacturing sector is in the doldrums thanks in part to a slowdown in global growth. But the spillover into domestic demand appears to be limited with consumption and overall investment rising.
“Sentiment remains weak, and the labour market is slowing so we do not expect a marked recovery in the coming quarters.“