Germany Three-month GDP negative growth impact of US-China trade friction or August 14 21:09
Germany's GDP GDP from April to June was minus 0.1% compared to the previous three months, the first negative growth in three quarters. It seems that exports were sluggish due to the influence of US-China trade friction.
On the 14th, the German Federal Statistical Office published a preliminary report on the growth rate of real GDP excluding price fluctuations from April to June.
According to it, although personal consumption and investment were strong, exports were sluggish, so it was minus 0.1% compared to the previous three months. It is the first time in three quarters that the GDP growth rate for three months in Germany is negative.
In the background, the influence of trade friction between the United States and China is spreading, and the uncertainty about the UK's withdrawal from the EU = European Union is increasing.
In Europe as a whole, the GDP growth rate in France was only 0.2% in the same period in Italy, while Italy grew at zero. In addition, the UK has been in negative growth for the first time in six and a half years, and the economic slowdown is growing in major European countries.
Under such circumstances, the European Central Bank, which is responsible for monetary policy in the euro zone using a single currency, suggests that it may take further monetary easing next month to support the economy.