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China weighs on Germany's GDP - BNP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at BNP Paribas explained that Germany's 2015 GDP growth slipped to 1.5% in 2015 (adjusted for calendar effects) from 1.6% in 2014.

    Key Quotes:

    "The data seems to confirm a slight acceleration in Q4 2015: according to our calculations, the preliminary estimate to be released on 12 February should show growth of 0.4% q/q, compared to 0.3% q/q in Q3. It seems unlikely, however, that this upturn will continue to build in 2016.

    The slowdown in the emerging economies (led by China and Russia), which account for 40% of total German exports, has finally won the upper hand on the optimism reported in the monthly surveys, which were particularly upbeat through the end of last year."
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