German Economy Ministry: External risks have increased largely due to Brexit

The German economic ministry published a latest assessment report on the economy this Thursday, noting that overseas headwinds have intensified post Brexit-vote.

Key Quotes:

“Economic dynamics have decelerated somewhat” 

“The labour market is still developing and is positively stable”

“External risks have increased largely due to Brexit”

“German growth remains robust but it was weaker in Q2”

“Private consumption probably increased less strongly in Q2 than previously”