In its monthly economic report, the German central bank, Bundesbank (Buba), talks down German economic growth prospects for the third quarter of this year.
Key Points:
Q3 German growth may be somewhat slower than 1H 2018.
But the economy is to stay on a ‘sound’ path.
Household consumption continues to drive the expansion.
Weak factory orders among the key drivers for slower Q3 growth.
Trade conflict has not been the main driver of declining manufacturing sentiment.
But disputes could place a considerable strain on global economic growtgerman
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