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2/14, 11:20 AM (Source: TeleTrader)
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Germany says Brexit, trade dispute still causing uncertainty

German Economy Ministry stated on Thursday that the United Kingdom's process of leaving the European Union and the global trade disputes are still major sources of uncertainty for the country's economy. In its monthly bulletin published after the release of Germany's Q4 GDP numbers, the ministry stressed that impetus from domestic economy remains strong, but added that indicators point to a subdued development of exports over the coming months. A construction boom is very likely to carry one considering the number of new orders, while private consumption is also likely to continue doing well, the ministry noted.

A German GDP report released earlier showed that the country's economy barely managed to avoid a recession in the fourth quarter of 2018 by remaining stagnant month-on-month. Positive contributions to the economic growth came mainly from domestic demand, but offset by negative contributions coming from foreign trade.

Breaking the News / FH