Eurozone GDP growth expected at 1.1% in 2020
Fundamental Forex Analysis

Economy is still experiencing a period of weakness

The German Economy Ministry is out with its assessment of the economy after the first estimate of Q4 2019 GDP showed stagnation.

Key Quotes:

German economy is still experiencing a period of weakness.

Industrial sector remains weak.

But improved business sentiment suggests some stability in the coming months.

Impact of virus outbreak on China and trade partners cannot be estimated currently.

Risks from abroad have increased due to the coronavirus outbreak.

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