In a CNBC interview held in Frankfurt on Thursday, Goldman Sachs Chief Financial Officer (CFO) Stephen Scherr expressed his concerns on the German economic slowdown. Key Quotes: Germany is in the “early days of a slowdown”. Economic trends in Germany are a big issue. Uncertainty partly stemming from US-China trade war. Bond market reflecting sentiment that there’s anxiety about prospect of a recession. Some banks’ concerns about aggressive monetary policy easing are “understandable”. Yield curve inversion reflects anxiety. This comes amid growing German recession risks after a sharp slowdown in Germany’s Industrial and Construction sector activity. Meanwhile, the government expects economic growth to slow to 0.5% this year from 1.5% in the previous year. EUR/USD holds the upside on the 1.10 handle, but lacks follow-through amid German economic weakness and trade progress. 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 Burundi becomes the latest African country to ban cryptocurrency trading in totality FX Street 4 years In a CNBC interview held in Frankfurt on Thursday, Goldman Sachs Chief Financial Officer (CFO) Stephen Scherr expressed his concerns on the German economic slowdown. Key Quotes: Germany is in the "early days of a slowdown". Economic trends in Germany are a big issue. Uncertainty partly stemming from US-China trade war. Bond market reflecting sentiment that there's anxiety about prospect of a recession. Some banks' concerns about aggressive monetary policy easing are "understandable". Yield curve inversion reflects anxiety. This comes amid growing German recession risks after a sharp slowdown in Germany's Industrial and Construction sector activity. Meanwhile, the government expects… 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.
