German FinMIn: Turkish Lira crisis poses additional risk to German economy
NEWS |
In its monthly report published on Monday, the German Finance Ministry warned about the additional risks to the German economy, in the wake of Turkey’s currency crisis.
Key Quotes:
“Risks remain particularly with regards to uncertainty over how Brexit is going to pan out as well as future U.S. trade policies.”
“The persistent debate about tariffs and the threat of a trade war are choking trade activity.”
“The economic developments in Turkey present a new, external economic risk.”
“Despite such risks, the German economy remains buoyant, supported by state spending, private consumption, low interest rates, a robust labor market and rising real wages.”
“Companies are also expected to raise investments as the global economy remains in good shape despite the threat of a trade war.”