German EcoMIn: German economic upswing has lost some pace, but it will continue

The German Economic Ministry is out with its monthly report, assessing Germany’s economic outlook, with the key headlines found below.

The upswing has lost some pace, but it will continue.

German companies are being cautious given increased risks from abroad.

US foreign, trade policies and Italy has increased uncertainty and risks for growth.

Trade dispute with US remains a considerable risk for global economy.

Household spending remains robust, retail sentiment positive.