German economy seems to have come to a halt!

Industrial output declined in August Orders outside of the euro zone plummet German growth slowed over the summer. The first statistics for August confirm this observation. Whereas foreign trade was surprisingly vigorous in Q2, bolstered by the dynamic momentum of US demand, exports declined 5.2% m/m in August. We are now seeing the effects of the deterioration in the global economic environment and the upturn in geopolitical risks. Germany’s main trading partners in the emerging markets,
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