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On Thursday, the German Finance Ministry, in its monthly report, highlighted the risks of global economic slowdown and ongoing trade war while expecting the country’s exports to stabilize by end-Q3 2019, per Reuters.

Key Findings:

“Export activity regained some momentum toward the end of the third quarter.”  

“Given the weakening global economic momentum and persistent external risks (for trade), exports are likely to continue to develop only moderately.”  

“Record-high employment and rising wages continue to support private consumption and construction in Germany while state spending is giving the economy an additional push.”