Risk of a significant global slowdown has increased considerably – German economy ministry

• Effects of US tariffs are not yet reflected in current economic indicators
• The risk of a significant global slowdown has increased considerably
• That will also have an impact on the German economy
• Uncertainty about development of German exports is exceptionally high due to tariffs policy

Just when you think the German economy might be turning a corner, then US tariffs are now going to kick in. With a surging euro, it only adds to concerns about the situation for the industrial sector and exports. Will the ECB be quietly thinking about a 50 bps rate cut?

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