Carsten Brzeski, Chief Economist at ING, notes that the Germany’s most prominent leading indicator just added more uncertainty to the growth outlook as the Ifo index dropped for the third consecutive month in November to 102.0, from 102.8 in October. Key Quotes “Both the current assessment and the expectations components lost further momentum in November.” “The disappointing third quarter performance was a combination of too many one-off factors but also some structural impediments. How much of the slowdown can be attributed to each single factor, however, remains still unclear. Therefore, the outlook for the German economy has also become more uncertain.” “For now, strong domestic fundamentals, the weak euro and some (temporary) relief from possible external shock factors like Brexit and trade all bode well for a rebound of the German economy going into 2019.” “Today’s Ifo index suggests that a swift and strong rebound is becoming increasingly unlikely and leaves analysts and experts still groping in the dark.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Recovery remains capped below 1.2850 amid Brexit anxiety FX Street 4 years Carsten Brzeski, Chief Economist at ING, notes that the Germany's most prominent leading indicator just added more uncertainty to the growth outlook as the Ifo index dropped for the third consecutive month in November to 102.0, from 102.8 in October. Key Quotes "Both the current assessment and the expectations components lost further momentum in November." "The disappointing third quarter performance was a combination of too many one-off factors but also some structural impediments. How much of the slowdown can be attributed to each single factor, however, remains still unclear. Therefore, the outlook for the German economy has also become more… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
