Tag Archives: German GDP

German real GDP shrank in the second half of the year, reinforcing our view of a significant ECB action in September.The German economy shrank by 0.1% quarter-on-quarter (q-o-q) in Q2. Today’s report contained some positives news, notably regarding the resilience of domestic demand.Nevertheless, the ongoing trade disputes between China and the US, China weakness, the threat of auto tariffs and the threat of a no-deal Brexit to supply chains, in addition to the auto sector’s own issues are...

German activity has accelerated in the first quarter of the year on the back of a strong domestic economy.German GDP rose by 0.4% quarter-on-quarter in Q1, accelerating from a flat figure in Q4.The strong Q1 GDP growth is good news and confirms our long-held view that domestic demand remains resilient despite many external headwinds.The signal given by other data (factory orders, surveys) suggests that some negative payback is likely in Q2.The prospect of higher German growth (on average) in...