The German economy slowed in the second quarter of the year, as Brexit’s weak economic sentiment spreads to Europe.
The German economy is expected to grow by just 0.2 percent in the second quarter, down from 0.7 percent in the first. The Economy Ministry cited weaker private consumption and construction figures as the reason for the slowdown.
Carl Weinberg, chief economist at High Frequency Economics, commented, “no matter how you look at it, the economy is slowing.” He continued, “he economic trend is clear. It is not pretty.”
Second quarter growth figures are due to be published on Friday.
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