Bundesbank president Weidmann: Trade disputes are weighing on global economy

Market news

12 April 2019

Bundesbank president Weidmann: Trade disputes are weighing on global economy

Further escalation cannot be ruled out
Companies are holding back investments due to trade-related business uncertainty
The ongoing Brexit drama is also contributing to global business uncertainty
German exports not giving meaningful impetus to overall economic growth
German economy expected to rebound after a soft patch
Private consumption expected to recover in the second half of the year and support the overall growth
German 2019 GDP could be weaker than 0.8%

UK finance minister Hammond: Would expect very substantial increase in business investment once Brexit uncertainty resolved

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