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Investing.com -- The German economy has not exhibited any notable recovery since the start of the year, according to a monthly report from the country’s economy ministry.
The report, which was published on Thursday, highlighted the ongoing struggles of the economy amid domestic and international challenges.
The report stated that both domestic and foreign demand remain weak, and that there are increased domestic and geopolitical risks at play.
The U.S. trade policy was specifically mentioned as a significant concern. The ministry’s report concluded that these factors have prevented any noticeable economic upturn in Germany at the beginning of the year.
Additionally, the report indicated that there is no evidence of a turnaround in the industrial sector. Concerns about job security and ongoing geopolitical uncertainties are continuing to obstruct a recovery in the consumer climate.
The ministry’s report suggests that these factors are contributing to the continued economic stagnation in Germany.
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