German economic ministry out with latest assessment 11 Oct
- 2017 GDP 2.0% vs 1.5% April f/cast
- 2018 GDP 1.9% vs 1.6% prev
- expects exports 3.5% In 2017, 4% In 2018
- imports 4.4% In 2017, 4.7% in 2018
- CPI at 1.8% In 2017, 1.6% in 2018
Says the ministry:
- on balance trade will not contribute to growth this year or next
- current account surplus will shrink to 7.4% of GDP in 2018 from 8.3% in 2016
- economy on solid domestic foundation
Economy minister Zypries:
- expect to have some trade problems due to Brexit but UK will suffer more than EU27
Meeeeeeooooww.
Meanwhile EURUSD steady around 1.1814, EURGBP 0.8955 EURJPY 132.62
