It's a pretty rosy outlook overall. Despite growing fears of a global trade war, German economic growth is expected to remain robust.
Amid intensifying trade friction between Washington and Beijing, a new round of US tariffs took effect on Monday, raising the stakes for both sides. China seems to have several tools up its sleeve to counter US tariffs.
Business confidence in German boardrooms has decreased marginally, the latest monthly index by the ifo research institute reveals. Despite the ongoing US-China trade spat, executives expect the drop to be short-lived.
China's economy has revealed fresh signs of softness as the pace of investment has slowed to a record low. Stable figures for retail spending and production have done little to dispel fears of a cooling in the economy.
Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.
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