The Trader 

Market Outlook: Germany sputters

The Trader

First quarter GDP in the Eurozone’s powerhouse slowed to 0.3 per cent quarter on quarter, equivalent to 1.6 per cent Y/Y, from 0.6 per cent and 2.3 per cent at the end of 2017.  Better than many, agreed, but disappointing nevertheless.  German statistics agency Destatis blamed it on the fact final government expenditure dropped for the first time in 5 years.  Also, worth noting that both exports and imports were lower than Q4.

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