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In its monthly report published on Monday, the German Finance Ministry warned about the additional risks to the German economy, in the wake of Turkey’s currency crisis.

Key Quotes:

“Risks remain particularly with regards to uncertainty over how Brexit is going to pan out as well as future U.S. trade policies.”

“The persistent debate about tariffs and the threat of a trade war are choking trade activity.”

“The economic developments in Turkey present a new, external economic risk.”

“Despite such risks, the German economy remains buoyant, supported by state spending, private consumption, low interest rates, a robust labor market and rising real wages.”

“Companies are also expected to raise investments as the global economy remains in good shape despite the threat of a trade war.”