BundesBank reported that the German economy was lost in the second quarter.
The German Central Bank (BundesBank) said that the economy was lost in the second quarter due to the impact of the US Customs's tariff policy. The July report of the BundesBank to the economy has been published. The report stated that the German economy was lost in the second quarter, and the reason for other factors, as well as the expected highly expected Customs tax rates in the first quarter, said there were expected impacts in industrial exports and production. In the period of January to March, industrial production stronger and higher tariff expectations of the United States with the expectation of increasing exports in Germany's gross domestic product (GDP) reported that an increase of 0.4 % in the report reported that the economy is expected to slow down in the second quarter. “German economic production may have been delayed in the second quarter.” The statement took place. In the report, the Economic Research Institute (IFO), the German business confidence index, such as recent economic sensitivity indicators have stated that recovery seems to have been restored, however, basic economic trends continue to be weak. In the short term, the German export sector faces additional winds arising from the US customs tax policy “in the report, as if the US tariffs are threatened (30 %), it has been warned that this will form a significant risk to the German economy.