29.8 C
New York
Wednesday, July 6, 2022

U.S. trade policies, Italy’s government cloud outlook for German economy: ministry

U.S. trade policies, Italy's government cloud outlook for German economy: ministry© Reuters. U.S. trade policies, Italy’s government cloud outlook for German economy: ministry

BERLIN (Reuters) – Germany’s economic upswing is losing some momentum and the outlook for growth is clouded by a trade dispute with the United States as well as risks linked to Italy’s new coalition government, the economy ministry said on Wednesday.

The ministry added in its monthly report that private consumption and exports – two main growth drivers for Europe’s largest economy – remained bullish.

“The foreign and trade policies of the United States as well as the formation of a government in Italy have increased uncertainty and risks for growth,” it said. “This is expressing itself in the real economy through a wait-and-see approach, especially when it comes to investments.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,296FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles