Current indicators point to continued weakness in German economy in Q3 - ministry ...Middle East

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Current indicators point to continued weakness in German economy in Q3 - ministry
Given what we have seen from the PMI data and what not, it's hardly a surprise. As Europe's largest economy, Germany has been struggling hard and that has led to brewing worries at the ECB. In particular, the manufacturing sector continues to suffer from a recession with no brighter prospects on the horizon yet.Looking to ECB pricing, traders have priced in ~99% odds of a 25 bps rate cut for this week. This article was written by Justin Low at www.forexlive.com.

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