Comments from the German economy ministry via its monthly report
- Economy picked up speed in May
- Overall, indicators point to a pick up in Q2 compared to Q1
- International trade policies remain a risk
- But otherwise, the outlook is quite positive
Well, it's all relative to how you want to perceive it. Economic conditions may have improved relative to Q1 but is still softer if you want to compare it with conditions seen back in Q4 last year.
As mentioned several times before, domestic demand remains robust but trade is vital in the German economy - exports in particular - and with global trade tensions still rising, it's hard to imagine investor and business sentiment improving in the near-term.
