Doomsayers warned that Brexit would be a disaster for export dependent Germany as well. But business confidence here is fizzing at a two and a half year high
German Defense Minister Ursula von der Leyen told DW that Europe would welcome continued military cooperation with the UK after Brexit. She shared the Munich Security Conference podium with her British counterpart.
Only 1 percent growth is forecast for Germany this year, according to Economy Minister Peter Altmaier, who attributed the risks to Brexit and global trade rows. Previously, Berlin had reckoned on 1.8 percent.
The British Prime Minister is still in office after surviving a no-confidence vote in her government. But Germany and the rest of Europe are deeply worried about the increased likelihood of a no-deal Brexit.
German exports have bounced back in October, while a strong import rise suggests robust domestic demand. Cause for cheer? Not quite, according to most observers of Europe's powerhouse.
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