Germany’s Economy Ministry: Base growth dynamic of economy has markedly weakened recently

Market news

15 May 2023

Germany’s Economy Ministry: Base growth dynamic of economy has markedly weakened recently

"The underlying economic momentum has recently weakened noticeably," Germany’s Economy Ministry said in its monthly report published on Monday.

Additional takeaways

“Mood indicators point to economic recovery in the further course of the year.”

“Economy was noticeably dampened towards the end of winter half year 2022/23.”

Market reaction

At the time of writing, EUR/USD is trading at 1.0875, adding 0.26% on a daily basis.

Currencies. Daily history for Monday, May 15, 2023

Commodities. Daily history for Friday, May 12, 2023

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