Locked-down German economy likely subdued in coming weeks - Finance Minister

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Lockdown measures in Germany and weak sentiment point to subdued economic activity in Europe's largest economy in the coming weeks, the Finance Ministry said in its monthly report on Friday.

FILE PHOTO: Staff wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS

Leading indicators also point to the economy being divided, with industrial production supporting growth and services impacted by lockdown measures, the ministry added. “The continuing measures to contain the spread of the virus ... as well as sentiment indicators suggest that for the next few weeks, overall economic development is expected to remain subdued,” the ministry said in the report.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

BLAME BORIS.....HES A TOOL!!!!💩

No shit?!?!

the EU is toast

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines