Germany's feeling the pinch - especially when it comes to exports to developing countries. That's weighing on the German economic upswing, but the impact is really not severe.
In the second quarter of 2017, the German economy grew slightly less than expected by economists as slowing trade dampened an overall expansion which was driven by strong household spending and rising state expenditure.
Two of the world's biggest trading nations saw both exports and imports cooling lately. While Chinese trade growth in July slowed significantly compared with June, German exporters even suffered a surprise decline.
The economies of the 19 countries sharing the euro currency expanded by more than previously forecast, as a slew of positive data suggest that the recovery in the bloc is well on track.
Between April and June, the world's second largest economy grew faster than expected as industrial output and consumption picked up and investment remained strong. But the momentum may not last for the rest of the year.
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