German economy ministry: A renewed weakening of the economy cannot be ruled out

• Business expectations remain gloomy, particularly in export-oriented manufacturing sector
• Inflation likely to remain in the region of 2% for the remainder of the year
• Trade and economic policy uncertainty remains significantly elevated

Just some token remarks there from Germany. Despite some improvement to the outlook, the backdrop remains challenging for Europe’s largest economy. Not least with inflationary pressures still holding up for the time being.

This article was written by Justin Low at www.forexlive.com.