Germany's DIHK Chamber of industry and commerce cuts 2019 GDP growth forecast for German economy to 0.6% from 0.9% previously

Market news

28 May 2019

Germany's DIHK Chamber of industry and commerce cuts 2019 GDP growth forecast for German economy to 0.6% from 0.9% previously

German economy is under pressure, business outlook has deteriorated since start of year
industrial companies are struggling with slowing world economy
domestic economy won’t be able to decouple itself from difficult trade environment in the long run
business sentiment in retailing, construction remains very good, both sectors drive overall growth
expectations for foreign business hit lowest level in 10 years, "that’s an alarm signal"

Eurozone: the growth of the monetary aggregate M3 accelerated unexpectedly in April

Eurozone: Private Loans, Y/Y, April 3.4%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.