Germany’s economy is likely to stagnate or contract in the fourth quarter of the year due to coronavirus-related tightening measuresthe Bundesbank said in its monthly report on Monday, Reuters reports.
“Overall economic performance could stagnate or even decline after very strong growth in the summer,” the Bundesbank said.
Market reaction
This headline does not appear to have a significant impact on market sentiment. At the time of writing, the index Germany’s DAX 30 up 0.55% on the day at 13,146. Meanwhile, the pair EUR / USD clings to small daily gains near 1.1840.
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