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Germany is still headed for a downturn despite upbeat data, economists predict

06.08.2019

Jens Boysen-Hogrefe comments on the latest economic outlooks.

Excerpt from the Article

(...) While many expect the ECB to announce a cut to interest rates in September, German economists are not expecting any fiscal stimulus on the domestic level.

Both Kraemer and Kiel Institute economist Jens Boysen-Hogrefe agreed that while there is more pain to come for Germany’s manufacturing sector, the nation’s current construction boom would inhibit any government stimulus program.

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